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> It is very last measure as in that point you are basically admitting that capitalism has failed. Capitalism fails all the time. I use the market for lemons a
by jfoutz 7y ago
> It is very last measure as in that point you are basically admitting that capitalism has failed.
Capitalism fails all the time. I use the market for lemons as my default example [1]. It's ok. It the market works pretty well, and it's a good starting point for lots of situations. The problem is sometimes it doesn't. We know about a bunch of situations where it doesn't work so well, so we have regulations and such.
It's an extraordinary situation. I find it odd they're not implementing extraordinary responses. I guess, locally, we are taking extraordinary action with closing non-essential events and locations.
I guess I don't see much value in interest free loans for most people. I guess maybe personal loans? I don't quite see how I can get my hands on 10k interest free. We'll see.
[1] https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons