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_blink_ Err. No. I'm not advocating for a bank bail out. The joke about avocado toast pointed in that direction, but was a bit opaque. I think there's basicall
by jfoutz 7y ago
_blink_ Err. No. I'm not advocating for a bank bail out. The joke about avocado toast pointed in that direction, but was a bit opaque.
I think there's basically a pyramid. at the tippy top, there are fabulously profitable large organizations. Those are built on smaller organizations, recursively down to people.
I've got no problems giving a 20 year old who thought a magna shop was their way to riches a bailout. they're young and dumb, will learn and do better next time. The bigger you are, the more responsible you need to be. Banks should be elite. they evaluated the alternatives and made the best bet they could.
Essentially at the lowest level, be super tolerant. the higher up an organization gets, the more responsibility they take on. if that's too scary, don't grow. if you need the net, keep the net. if you don't, well, best of luck.
I know it doesn't work this way. I think it should, but I can't wave a magic wand and make the world work like I want it to.
I think if everybody has enough money to buy food and possibly pay rent, all the other layers "above" will sort themselves out by clever people. The bottom drives the market. The top is like a whale eating krill. Everybody wants to be the whale. but if there's no krill, there's not much of anything.