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Capitalism did this, governments intervened when it became necessary to prevent things from effectively burning to the ground because the market can’t/won’t fix
by FridgeSeal 6y ago
Capitalism did this, governments intervened when it became necessary to prevent things from effectively burning to the ground because the market can’t/won’t fix it.
Letting banks burn down in 2008 would no doubt have been a cathartic moment, but it would be pragmatically a poor decision. Immediately post-crisis those responsible should be held responsible and actual action should be taken, but we don’t elect governments to lead us and then have them do nothing in a crisis.
- cpursley 6y ago> Capitalism did this Source?