Socialism Never Works Except Always

Jack Albrecht
Dec 30, 2020

Socialism bails out capitalism every 10 years or so when the capitalist bubble of the day inevitably pops.

I won’t use the Dutch Tulip bubble as an example as I’m not informed enough, but in the US from at least the Great Depression of the 1930s forward — every. single. capitalist. crash. is followed by a socialist bailout to rebuild the system.

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Jack Albrecht
Jack Albrecht

Written by Jack Albrecht

US expatriate living in the EU; seeing the world from both sides of the Atlantic.

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