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Its probably not easy but I think a policy that protects the workers instead of a policy that protects the corporations / shareholders. You can let corporations
by weatherlite 2y ago
Its probably not easy but I think a policy that protects the workers instead of a policy that protects the corporations / shareholders. You can let corporations go bankrupt - thus causing shareholders to get wiped out, and compensate by protecting the workers and poorer people with government checks until they can find new employment.
Banks are probably the only exception , I don't think you can let the banks fail without risking an economic collapse.
- sharemywin 2y agoif the government had a sovereign wealth fund it could have bought all the failing companies and "divested" when the market recovered. instead of being massively in debt it could have probably come out on top. granted that incentivizes the government to cause market crashes but there no perfect system.
- from-nibly 2y agoThat would massively slow the economy and the people at the top will never do that.
- weatherlite 2y agoTrue , but inflating an endless assets and debt bubble in the hopes A.I will come to save us is also probably not sustainable.
- from-nibly 2y agoWell no, it's not sustainable. They just need to offload it to the next bigger fool.