Though I'm not convinced the argument the guy is making is a sound one, because there's likely a much bigger shock to the labor force than this guy is suggesting
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The better argument for how capitalism should work is that there should be a bailout in exchange for equity
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I think he might be a bit casual about what would happen with employee pensions?
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Sure but private pensions can ve propped up much cheaper and they are getting much rarer these days anyway.
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Remember when the super rich fucked up and had to go to bankruptcy prison? I mean, it was bad policy, but man is it somewhat pleasing to read those old accounts.
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I’ve worked for a couple of Enron brand companies in the past , they spun out under better leadership and crushing it. So it’s not really a death , but a really painful restructuring/ resale for employees, I’d say .
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That’s the normal way, but in times of a pandemic like this I think being dogmatic about it will shoot ourselves in the heads
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It seems like the talking head is there to pandering to a demographic or creating tension for likes.
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