ATTENTION: Some will look at this stock market situation with Robinhood, GameStop, AMC, and the rest of the companies and say, “WOW, this is exactly why capitalism is so terrible and unethical; this is why we need socialism!”
Wrong.
After the dust of this initial issue settles, you are going to see whoever messed up here held accountable by our system of justice. The process may be long, but they will be held responsible. And that’s the beauty of our representative government network, a system of justice, and capitalist economy combined.
This is an excellent example of why socialism is so dangerous. Under socialism, the economy is controlled by the government (but in the name of the people.) That means there is no balance of power and certainly no ability to check that power and hold wrongdoers accountable. You’ve essentially made a monopoly run by the government with no system of justice or accountability because the system is corrupted in all branches and offices, even the justice department.
Under capitalism like we have in America when bad business behavior occurs, there is a justice system and a representative government to help us hold this naughty behavior accountable and take steps to ensure it can’t happen again. It’s certainly not a perfect system, but I’m grateful for it.
I don’t know about you guys, but I can’t wait to see these dirty players held accountable, especially having their feet held to the fire when they get called to testify to congress.
I’ll be getting popcorn to settle in and watch that content.
