Thatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism?

Darkcoffee@sh.itjust.works · 2 days ago

Thatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism?

SpaceCowboy@lemmy.ca · 11 hours ago

Monetary shenanigans only seem like a good idea to people that don’t understand economics.

Actual economics is about the value of work. Fluctuations the the value of money don’t accomplish much. Consider Cuba which does all kinds of monetary shenanigans. People just do black market money deals to get around it. Capitalism finds a way.