r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 8h ago

Meme needing explanation Petah?

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u/rsneary129 7h ago edited 7h ago

Capitalism: a system so great it needs to be bailed out every 10 years

Edit: for those of you who refuse to look anywhere outside the US, the Nordic model has existed for over 90 years and is extremely successful. The countries that use it consistently rank highest in happiness, quality of life, work life balance, has low rates of corruption, and are economically competitive

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u/parrote3 6h ago

That’s… also capitalism. I like the model but it’s as much socialism as the fire department.

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u/InternationalLaw8660 6h ago

What isn't socialist about "fire department?"

Your taxes go towards funding the department, you have an emergency, they come save you.

Pretty straightforward; unless you live in one of those "unincorporated" hell-scapes where you have the option of donating to the volunteer department, and if you don't they don't have to help.

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u/BenjaminWah 5h ago

AND...fire departments are unionized and collectively bargain their contracts