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It's strange to absolve "business" and then blame the government for problems caused by business. First the post-2008 asset bubble; why does that exist? Lender

It's strange to absolve "business" and then blame the government for problems caused by business. First the post-2008 asset bubble; why does that exist? Lenders became extremely lax with credit requirements and created an incredibly toxic debt bubble. Sure you can argue the bailouts and subsequent low interest rate environment maybe have been the wrong medicine, but it's easy to say that in hindsight when at the time several people had been wiped out. >If you think fentanyl is not a critical component of the US’ homelessness crisis I don’t know what to say Why is fentanyl a problem in the US? I think it's insincere to pretend Purdue didn't have an outsized effect on this problem. They pushed opioids on doctors and flooded rural america with oxycontin. Once addicted Americans could no longer get oxycontin, they turned to heroin, and the increased demand of heroin created the conditions for fentanyl to flood the market. >Pensions are the most protected assets on this planet 401(k) were almost completely wiped out in 2008. Why focus on pensions when most people's retirement vehicles today are tax-deferred investment accounts? Businesses are free create deeply systemic issues and when those behind the issues are rich and the problems externalized onto the rest of the country, we are free to turn around and blame the "bad" government. It's like licking a door handle and blaming the human body in the "drivers seat" for cells dying when it raises the internal temperature to 102 degrees. How about instead of blaming the immune system for the 102 degree fever, we just don't lick door handles?

OkayPhysicist 3y ago
People often confuse "predictable" with "not at fault". Your drug addict cousin will, very predictably, steal shit when they visit. It's a matter of prudence to keep them away from your valuables, but it's still their fault for stealing. Likewise, corporations will very predictably be astoundingly evil if they can make a buck at it, so the government is obligated to keep them in line, but it doesn't absolve the companies from being at fault.

OkayPhysicist 3y ago

People often confuse "predictable" with "not at fault". Your drug addict cousin will, very predictably, steal shit when they visit. It's a matter of prudence to keep them away from your valuables, but it's still their fault for stealing. Likewise, corporations will very predictably be astoundingly evil if they can make a buck at it, so the government is obligated to keep them in line, but it doesn't absolve the companies from being at fault.