How is socializing losses a part of capitalism? Supposedly free markets is a part of capitalism, but if you don't let things fail, how can you call it a free market?
Turns out, greed is a powerful driver; and, humans are fully capable of self-serving mental gymnastics.
The natural state of capitalism trends toward monopolies, regulatory capture, cronyism, price fixing, wage theft, information asymmetry, and bailouts.
Not textbook capitalism, the fake kind we have. The one where businesses clammor for "free markets" and no regulation, but only when it suits them.
- privatizing gains, socializing losses - free markets/competition while they are poor, monopolies once they are on top
As a good capitalist you would aim to dismantle the very things that enabled your rise to power.
No. Those are two different things.
See: 1940-1970 Japan, South Korea, 1980-2023 China.