Every time Republicans deregulate the financial market, this happens. Finance is a cancer on the economy. It legalizes gambling, gives billions to Jewish criminals, and produces nothing of value. Disgusting.
There's nothing wrong with loans failing. Deregulation is good in this regard. The problems only stem from government interference that prevents people and companies from going bankrupt due to the mistakes they made.
The question isn't whether we can endure wild boom and bust cycles. It's what benefits we get out of them, which, historically, has been "sociopaths get rich" and "materialism destabilizes society." It's not worth it.
Every time Republicans deregulate the financial market, this happens. Finance is a cancer on the economy. It legalizes gambling, gives billions to Jewish criminals, and produces nothing of value. Disgusting.
There's nothing wrong with loans failing. Deregulation is good in this regard. The problems only stem from government interference that prevents people and companies from going bankrupt due to the mistakes they made.
The question isn't whether we can endure wild boom and bust cycles. It's what benefits we get out of them, which, historically, has been "sociopaths get rich" and "materialism destabilizes society." It's not worth it.
The government interference is not worth it and dramatically harms our advancement.
The "bust" part of the cycle isn't worth it either. That's my point.