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Originally Posted by Shame Trolly !!!1!
I'm clowing on you about the personal attacks. But you did just assume I sucked at my job. Like always often, I did have a little something I was going on about.
I was giving you a compliment if anything. In my opinion, professional gamblers are usually at high risk of going bust, and I complimented you on taking an effective action to lower this risk.
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My spidey sense is telling me that you might be pimping capitalism because of safety-nets. But that's absurd... correct?
I favor capitalism over socialism because I think capitalism leads to better long-term economic growth, and I view economic growth as one of the main priorities of economic policy. Safety-net programs are one of the benefits of strong economic growth, yes.
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That was your point all along? Well, if we take as a given that we gotta have a society which features bankruptcy, sure. But I was most certainly Reverse Unintentionally 'strawmanning' you, because I had no idea this was the point you were trying to make. My bad.
But capitalism doesn't require bankruptcy. Capitalists are cool with debtor's prison. Indenture works too. Whatever extracts the most profits is fine with these cats.
So I guess I'm just lost now .
Sure, capitalism doesn't require bankruptcy. However, a capitalistic society with relatively easy bankruptcy laws will
tend to have a higher entrepeneurship rate, which leads to higher productivity, so I would favor bankruptcy laws. Plus, debtor's prison is inhumane.