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>But, long-term, no Ponzi pyramid can avoid collapse. Both politicians and industry leaders know it will inevitably pop at some point, but since they have shor
by ChuckNorris89 3y ago
>But, long-term, no Ponzi pyramid can avoid collapse.
Both politicians and industry leaders know it will inevitably pop at some point, but since they have short terms while they're in charge and won't be accountable for long term consequences of their actions, they just want to make sure it doesn't collapse while they're in power, so they keep kicking the can down the road as long as their short tenure last, then it becomes the next guy's problem, rinse and repeat. They're hopeful they can make the problem big enough that the government will have to bail them out when it crashes.
It's a result of chasing maximized short term returns at the expense of long term consequences in a zero accountability system. Basically, it's what our system rewards.