See, this is the libertarian problem. You can say they'd be better off if the government did nothing but that's a theory, pure idealism. It's never happened in history. There are a couple of implications from that:
It might be even worse than govt intervention. We can only guess.
It doesn't really matter whether it would be better or worse - and this is the more important point - because there is no sequence of events in which the government would not intervene, in the real world.
And they'd have been better off with a crash if the government didn't intervene.
See, this is the libertarian problem. You can say they'd be better off if the government did nothing but that's a theory, pure idealism. It's never happened in history. There are a couple of implications from that:
It might be even worse than govt intervention. We can only guess.
It doesn't really matter whether it would be better or worse - and this is the more important point - because there is no sequence of events in which the government would not intervene, in the real world.
In the world as it stands today, you are correct and that's a huge problem with the world.
That's the world as it's always stood, from the feudal era to the present.
No, it's not how the world has always stood.