this post was submitted on 03 Jul 2023
732 points (91.3% liked)
Memes
45746 readers
1744 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You expect a bank to make high risk loans to unproven ideas? What about loans did things which are controversial (think dispensary or brewery)?
Yes, I expect the state bank to make loans for unproven ideas. This isn't nearly as outrageous as you seem to think. State funding in China is used precisely in this way to stimulate businesses in areas where China wants to advance right now. And if a dipensary or brewery was seen as socially necessary and viable they could get a loan like anybody else.