Chapter
The Financial Crisis and the Power Play
2:27:23 - 2:32:02 (04:39)
This podcast episode talks about the financial crisis and how it wasn't really a bailout, as every bank received money, regardless of having problems or not. The discussion focuses on how centralizing power played a crucial role in the crisis.
Clips
The 2008 financial crisis did not involve a true bailout since money was given to all banks regardless of whether they had issues or not, according to Tom Woods.
2:27:23 - 2:30:53 (03:30)
Financial crisis
Summary
The 2008 financial crisis did not involve a true bailout since money was given to all banks regardless of whether they had issues or not, according to Tom Woods. He believes politicians prioritize powerful corporations over the average person.
ChapterThe Financial Crisis and the Power Play
Episode#178 – Michael Malice and Yaron Brook: Ayn Rand, Human Nature, and Anarchy
PodcastLex Fridman Podcast
The COVID-19 pandemic has prompted government bailouts of corporations and small businesses alike.
2:30:53 - 2:32:02 (01:08)
COVID-19
Summary
The COVID-19 pandemic has prompted government bailouts of corporations and small businesses alike. While some see this as an attempt to keep the wealthy afloat, others argue that it's all about maintaining power.