3 ms·
> We want to avoid structural damage: Lost jobs, bankrupt businesses Completely incorrect. If the jobs and businesses in question existed only due to speculati
by caeril 4y ago
> We want to avoid structural damage: Lost jobs, bankrupt businesses
Completely incorrect. If the jobs and businesses in question existed only due to speculative excess, they shouldn't exist. Easy money generates what David Graeber would call "Bullshit Jobs", that contribute anywhere from zero to negative real value production.
We want these businesses liquidated and the employees out on the street, to pursue work that actually contributes to society.
The trick is to somehow limit the collateral damage to businesses that do produce real value. I don't think that's a problem that's been solved.