The Dirty Secret About Bank Bailouts

Rebel Capitalist's Photo
by Rebel Capitalist
Friday, Mar 24, 2023 - 16:30

One of the biggest myths about contemporary politics is that politicians serve the “public good.”

This could not be further from the truth.

Politicians are self-interested creatures who are constantly looking for ways to stay in power, irrespective of the consequences of their actions.

They routinely pass policies that are designed to help them achieve re-election with no concern for the long-term consequences of said actions. Short-term thinking is the order of the day in politics.

The funny thing is that politicians claim to be independent and above the fray, but in reality, they’re total slaves to interest groups. Every election cycle they must placate these interest groups.

Among these groups are banking interests. Banks practically run major economic affairs in the nation. Anytime the banking sector experiences a major financial crisis, they’re among the first to receive taxpayer-funded bailouts at Middle America’s expense.

These entities are truly privileged. While we at the Rebel Capitalist community are opposed to all forms of bailouts, it’s truly perverse that lucrative institutions such as commercial banks receive such taxpayer handouts. Even worse, they receive these handouts for making poor economic decisions.

In a real free market economy, these banks would be punished for their bad business decisions and possibly be allowed to go under. With time, they would be replaced by competing banks with more competent management.

Alas, we don’t live in such sane economic conditions. Currently, there’s talk of new bailouts to be doled out to banks as economic conditions in the United States deteriorate.

However, there might be a more nefarious endgame at play with these bailouts.

Make sure to tune in to George Gammon’s Rebel Capitalist video to learn about the elites’ latest plot to economically enslave Americans.

—Team Rebel Capitalist


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