3 ms·
>At the end of the day a large portion of the population is not going to simply accept that they need to shoulder the losses for a bubble they didn’t make and h
by xenihn 5y ago
>At the end of the day a large portion of the population is not going to simply accept that they need to shoulder the losses for a bubble they didn’t make and had no perceived choice but to participate in.
They (you?) don't have to accept it. That's not a factor at all. Your acceptance is not required.
- lumost 5y agoWho takes the loss is a matter of societal acceptance. There are many historic examples of societies clearing debts through jubilees, negotiated settlements, nationalization, revolution, and economic restructuring.