cross-posted from: https://lemmy.ml/post/21841560
this post was submitted on 27 Oct 2024
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Late Stage Capitalism
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I try and remain intellectually consistent.
I'm opposed to bailing out banks.
I'm opposed to bailing out any industry not just the auto industry
I'm opposed to bailing out farmers (and I currently live amongst corn fields).
And, I'm opposed to too big to fail.
I'm also opposed to student loan forgiveness.
You realize the whole reason for farm subsidies is insurance, right?
Like, farmers destroying tons of good crops is bad and all...but you know what's worse? Drought, famine, disease, or other disaster knocking out half of our crops or the infrastructure that transports them. Having a surplus is much, much, much better than not having enough.
Forgive me, but I think I need an ELI5 here please.