The Path to Socialism is Paved in Bailouts

The Path to Socialism is Paved in Bailouts

Michael Lebowitz, CFA Michael Lebowitz, CFA

Michael Lebowitz, CFA

Portfolio Manager RIA Advisors, Author Real Investment Advice, Partner RIA Pro

发布日期: 2020年4月15日
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Sanders’ political appeal reaches a large group of those citizens who did not benefit from and were often punished by, the preferential treatment of corporate fat cats. Treasury Secretary Mnuchin, among many other well-connected elites, was granted exorbitant privileges during the fall-out of the financial crisis and reaped exorbitant profits. Wealthy investors and Fed officials who advocate for capitalism are not clear-headed on the issue. They have been a part of and beneficiaries of corporate socialism, not capitalism.

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Andrea Malagoli

Quantitative Portfolio Manager - Alternative Investments, Commodities, Structured Products

4 年

Michael Lebowitz is one of my favorite authors. Another great article and a breadth of fresh air after all the banalities being circulated in these days in defense of ‘pure’ capitalism. Socialism is not to blame for the self-inflicted wounds of crony capitalism. The current crisis will not go to waste and possibly accelerate the process.

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Jeff Shafritz

Diversification Strategies or Career Transition | Connecting Premium Franchise Opportunities with Top Corporate Executives, Business Owners and Investors | 248-506-1101

4 年

Great article!

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