General Discussion

redgreenandblue

(2,088 posts) Mon Mar 9, 2020, 04:57 PM Mar 2020

Capitalism is great and socialism sucks, right?

Because Cuba and Stalin and stuff.

I'd really hate to be a boomer close to retirement right now.

5 replies

= new reply since forum marked as read

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Capitalism is great and socialism sucks, right? (Original Post) redgreenandblue Mar 2020 OP

Capitalism IS great. guillaumeb Mar 2020 #1

It's been pretty great for me too. Loki Liesmith Mar 2020 #4

Capitalism, if it is not to be toxic, must be highly regulated. guillaumeb Mar 2020 #5

Workers might not be much better off rurallib Mar 2020 #2

Maybe you should put your money in Cuban government bonds. mahatmakanejeeves Mar 2020 #3

guillaumeb

(42,641 posts)

1. Capitalism IS great.

Reply to redgreenandblue (Original post)

Mon Mar 9, 2020, 04:58 PM

Mar 2020

For rich capitalists.

Loki Liesmith

(4,602 posts)

4. It's been pretty great for me too.

Reply to guillaumeb (Reply #1)

Mon Mar 9, 2020, 05:03 PM

Mar 2020

guillaumeb

(42,641 posts)

5. Capitalism, if it is not to be toxic, must be highly regulated.

Reply to Loki Liesmith (Reply #4)

Mon Mar 9, 2020, 08:10 PM

Mar 2020

Otherwise, it serves the rich.

rurallib

(62,411 posts)

2. Workers might not be much better off

Reply to redgreenandblue (Original post)

Mon Mar 9, 2020, 05:01 PM

Mar 2020

if people stay home, restaurants, theaters, schools, stores etc may be closing.

This could get really ugly.

mahatmakanejeeves

(57,434 posts)

3. Maybe you should put your money in Cuban government bonds.

Reply to redgreenandblue (Original post)

Mon Mar 9, 2020, 05:03 PM

Mar 2020

BONDS NEWS FEBRUARY 19, 2020 / 11:56 AM / 19 DAYS AGO

Cuba facing UK court battle over unpaid government debt

1 MIN READ

LONDON, Feb 19 (Reuters) - Cuba is facing a court battle in London over its unpaid government debt after one of the communist-run country’s creditors filed a formal claim at Britain’s High Court.

CRF I Ltd, an investor in defaulted Cuban sovereign debt since 2009, said on Wednesday it had filed the case in London after Havana refused a debt relief offer made by CRF and some other bond holders back in 2018. reut.rs/2udKoSP (Reporting by Marc Jones; editing by Sujata Rao)

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