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Because ultimately the collapse of value, privately or publicly held, results in the collapse of the system that supports your value exchange system. This is o
by tsunamifury 3y ago
Because ultimately the collapse of value, privately or publicly held, results in the collapse of the system that supports your value exchange system. This is overly broad, but im just trying to point out we are a part of a deeply interconnected system -- it's not just me-capitalism.
But I understand the counter -- why should the government fund private market screwups? And the terrible answer is -- because we suffer the consequences regardless.
There is a third question though which is: with the collapse of both retail, mutli-family, and office CRE, what in the world is the future of cities?