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I'd argue that the US has devolved to the worst system possible:
Wealthy individuals and institutions have been taking massive, foolish risks, attempting to make obscene riches.
The taxpayer certainly isn't included in these plans and isn't going to share in the gains if any occur.
When they fail, the taxpayer gets left holding the bag.
So we have capitalism when it comes to making huge riches, but socialism when the "big guns" falter and need to be propped up.
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