> The proper thing to do is let the financial system self-regulate. > Of course at this point, that's like saying the proper thing for the Soviet Union to do w

> The proper thing to do is let the financial system self-regulate. > Of course at this point, that's like saying the proper thing for the Soviet Union to do when it fell was to suddenly become capitalist. Doing the right thing here would require an (additional and probably worse) period of sickness because we've been doing the unhealthy thing for decades. Please explain to me exactly how the financial system will self-regulate. Also explain to me how the consequences of "creative destruction" will be borne by the people that are extracting the most value (i.e. "the 1%") from said system instead of the people that are just crushed beneath it?