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See my comment above, but there could have been equalization events. The governments had three financial crises, in 99, 2008, and 2020 where it could have chos
by zpeti 5y ago
See my comment above, but there could have been equalization events.
The governments had three financial crises, in 99, 2008, and 2020 where it could have chosen not to intervene and save the rich. Yes it would have been hard on everyone, but it would have equalized wealth. A lot of companies would have gone bankrupt, but they could have been bought by new manaments, or employees, or could have been replaced by new startups.
But the government, and society really, chose to keep the status quo and not create a true crises. The result of this is the world we live in now, where basically it’s normal to rescue any large business and not let it go bankrupt.