Well, the number of people who will be harmed in these schemes is probably not large enough for them to be worried about any systemic or broader economic risks.

Well, the number of people who will be harmed in these schemes is probably not large enough for them to be worried about any systemic or broader economic risks. The implosion of unregulated and privately issued stablecoins will create the impetus for CBDCs, which have been telegraphed as "on the agenda" for some time. But, in a more pointed answer to your question: yes. https://en.m.wikipedia.org/wiki/Reserve_army_of_labour https://en.m.wikipedia.org/wiki/Reserve_army_of_labour