Monday, March 20, 2023

US banks want socialism for themselves - and capitalism for everyone else

The result is socialism for the rich while everyone else is subject to harsh penalties: bankers get bailed out and the biggest banks and bankers do even better. Yet average people who cannot pay their mortgages lose their homes. 

Meanwhile, almost 30 million Americans still lack health insurance, most workers who lose their job aren't eligible for unemployment insurance, most have no paid sick leave, child labor is on the rise and nearly 51m households can't afford basic monthly expenses such as housing, food, childcare and transportation...

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