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> So the banking system is a free market in the sense that theoretically participants could choose to leave if they wanted to. However, there is also a very ove
by Fjolsvith 7y ago
> So the banking system is a free market in the sense that theoretically participants could choose to leave if they wanted to. However, there is also a very overt layer of government decision making and control. The government putting a finger on the scale in a very fundamental way.
You say this as if China were innocent in manipulating banks to control their banking system. This is not true. [1]
>The US government is hamstringing the ability of its own economy to organise around profitable ventures. Instead it is encouraging Ubers and Lyfts.
I disagree with this. I believe the Ubers and Lyfts (and Teslas) are caused by investors wanting to get in on the ground floor of the next Apple. To support your argument, please explain how the US Government is preventing its own economy to organize around profitable ventures. You may use citations.
1. https://www.cnbc.com/2019/02/22/china-banks-record-lending-shows-stimulus-is-kicking-in-analysts-say.html https://www.cnbc.com/2019/02/22/china-banks-record-lending-s...