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Why Young People Are Worse Off Than Their Parents — and What to Do About it (from TED Talks Daily)
Prof G Markets
Cronyism: Capitalism in Prosperity, Socialism in Crisis
The interplay between capitalism and socialism reveals a pattern of cronyism, where the individual contributor benefits from low taxes during prosperous times, only to face collective reliance on government bailouts in crises. Executives advocate for shared burdens while their companies have previously prioritized stock buybacks and dividends over sustainable practices. This cycle illustrates a disconnect between individual productivity and corporate responsibility.
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