Socialists and commies rant about wealth inequality What they dont realize is that wealth is a function of risk- the actual issue with capitalism which leads to wealth inequality these days is asymmetric payoffs-which indirectly are aided by socialists. How so? in next tweet(1/2) https://twitter.com/Me_Predictor/status/1355194284136251392

Because capitalists and wealthy realize that if they lose wealth, everybody will lose in the short run. Socialists want at all costs to prevent the latter, so end up in directly bailing out capitalists all the time and encouraging even more risk taking

This does not mean there should be no bailouts, but that from time to time, govts needs to allow for significant failures, even at the cost of affecting everybody else , so that the fear of God is put in capitalists and risk-takers.

Does not mean they shouldnt take risks, but just realize there are no free lunches. At the moment there is

This is one good thing which has happened in India in some sense in the last few years ( while rest of the world in some sense has regressed, albeit from a much better starting point than us).

Sure Indian crooks do escape with siphoned money etc but still losing business is punishment atleast for same. Makes one respect capital and improves capital efficiency. Ofcourse it is not recommended to over do this but atleast in some sense a welcome shift in the pendulum

But what socialists do globally? They just try to regulate risk taking more instead of letting creative destruction play out from time to time ( again, not recommended always). But that doesnt curb risk taking, it just goes elsewhere safe in the knowledge that again they will be

bailed out. Rinse , repeat