r/PeterExplainsTheJoke 9h ago

Meme needing explanation Petah?

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u/Own_Policy8854 9h ago

We could redistribute wealth to prevent it from pooling and creating economic disasters in the first place.

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u/rsneary129 9h ago edited 8h 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 7h ago

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

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u/bobbymcpresscot 6h ago

There is always going to be capitalism even in a socialist system.

We’ve unironically coup’d foreign governments(ie Iran) for threatening to do what Norway did with nationalizing their oil reserves. 

It’s insane to me that we sell federal land to private companies to exploit, rape, and pillage for what would be pennies on the dollar for the amount of wealth they extract from it.