The idiocy economic system being discussed, if it transpires as you predict, is going to lead to some people literally losing their shirt. They stood to gain a

The idiocy economic system being discussed, if it transpires as you predict, is going to lead to some people literally losing their shirt. They stood to gain and stood to lose, every time this happens many involved felt like they had no option but to play the game, it's not arrogance in doing so. It's like smirking at the gambling industry, except with very respectable and influential people pushing it.