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Sandy's avatar

Many have said it...another context is Post 80's to current day its been the "Socialization of Risk" both government and private sector with political actors picking there own tribal-winners with the pendulum never stopping or balancing out and given the intricacies of technology memes like A.I., this dynamic of socializing risk will only continually rise in scale/methodology. Universal Health Care, Social Security, UBI, Job Guarantee, Subsidies, Trade Wars, Taxes, Bank/Depositor Rescue, Global CB's..its all the same dynamic....no belief or argument here, just an observation!

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The Last Bear Standing's avatar

It certainly could be argued that we are seeing a similar process play out across a variety of fields. Clearly trade offs are involved - it’s not all bad. But it does seem like tentacles are expanding ever further.

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