Yes, the private sector did have enough capital to cover those loans. The public sector did it because it was a bad investment when you count opportunity cost.
Didn’t the bailouts return less money with inflation though? We can’t even give students less interest than inflation with student loans. If the tables were turned the banks wouldn’t have taken less than 5% interest.
Its not economically feasible because modern economics functions to create monetary value not tangible value for our society. You shouldn’t view it through the lense of what is “economically feasible” we should view it through the lense of what we should value as a society. Homelessness exists as a motivating coercive force to keep us buying into a system that would kick us to the curb if any of us were dealt a few bad hands in life. Its why our insurance is tied to our employment. The system is fundamentally broken for humanity to exsist inside of healthily, so much so that alot of us cant even imagine a society outside of it.
My guy, you are aware the the whole point of the solar punk movement is about using daydreaming and art about an ideal utopia to help bring it about right? Imagination is one of humanity’s superpowers, and I’m currently building the class conciousness necessary to have an actionable future, where the end goal is an extremely solar punk esc future, I am not under the illusion that I will live to seek the future I am fighting for, but that doesnt mean I’m not going to keep working towards it by spreading its message.
Questions no one ever asks about bailouts or the military.
This is true.
The bailouts were loans. The us govt got that money back.
Those banks should have been punished though, allowed to fail.
Yes, the private sector did have enough capital to cover those loans. The public sector did it because it was a bad investment when you count opportunity cost.
They didn’t know that they would get the money back at the time.
Didn’t the bailouts return less money with inflation though? We can’t even give students less interest than inflation with student loans. If the tables were turned the banks wouldn’t have taken less than 5% interest.
And?
Do you have a cost analysis on giving everyone free housing? I’d wager it’s astronomically higher than bailouts or the military.
Society should work towards a better life for all, not better profits for a few.
I don’t disagree, but that platitude has absolutely nothing to do with the discussion at hand.
Your comic said to cancel all rent and mortgages and give everyone a house, which is not even remotely economically feasible.
Its not economically feasible because modern economics functions to create monetary value not tangible value for our society. You shouldn’t view it through the lense of what is “economically feasible” we should view it through the lense of what we should value as a society. Homelessness exists as a motivating coercive force to keep us buying into a system that would kick us to the curb if any of us were dealt a few bad hands in life. Its why our insurance is tied to our employment. The system is fundamentally broken for humanity to exsist inside of healthily, so much so that alot of us cant even imagine a society outside of it.
Lots of “what”, zero “how”.
The second i read this comment, the State Anthem of the USSR got stuck in my head.
Yawn. Let us know when you have actionable steps. Daydreaming is easy and worthless.
My guy, you are aware the the whole point of the solar punk movement is about using daydreaming and art about an ideal utopia to help bring it about right? Imagination is one of humanity’s superpowers, and I’m currently building the class conciousness necessary to have an actionable future, where the end goal is an extremely solar punk esc future, I am not under the illusion that I will live to seek the future I am fighting for, but that doesnt mean I’m not going to keep working towards it by spreading its message.