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daxorid | 5 years ago

Then they do what everyone else does. Sell the asset and cut back on expenses.

Capital owners are not a special class of citizen. If you have assets and need cash, there is a way to convert one to the other. It's called a "market". You may have heard of it.

It seems that during recessions, asset-rich/cash-poor people, nominally Capitalists, turn into overnight socialists because making cuts to the ol' lifestyle is for the little people, not them.

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