No, it's the nature of an economic system in which the extension and maintenance of credit are considered both tools of social policy and an end in themselves.

No, it's the nature of an economic system in which the extension and maintenance of credit are considered both tools of social policy and an end in themselves. Most modern economies have this flaw, some to a greater degree than others. The stronger the linkage between the banking system and the government, the worse it is. Japan had it real bad, and China does too. The US and UK are very bad but not quite as bad as those two. You can go figure out for yourself how big a problem this is in your part of the world.