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breaking news op likes to believe anything capitalists say about communism
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If I understood your first premise correctly... the state makes loans to people and those people keep the profit...if they fail the loan is forgiven.
That would mean that no one has any personal risk and the state absorbs the risk for every person that tries to start a business.
Am i misunderstanding you?
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Whether you consider this good or bad is a personal take, but i have to point out that with that design, you're encouraging people to take the absolute riskiest plays (one loan, no personal risk encourages swinging for the fences on speculative bets).
The state will take massive losses because that's what it encourages.
That can be seen as a positive in theory (speculative bets can be innovative), but it's worth acknowledging that the state will take huge losses.