This is no different than any other market disruption. If a crash comes, the average consumer will take the brunt of the pain while an ever-shrinking group of rich people will buy up their losses at a discounted rate. Regulatory bodies will bail out anything deemed “too big to fail” under the guise of protecting jobs and the average citizen, but with the real effect of further wealth consolidation.
We will just keep wallpapering over the cracks in the foundation, until the foundation is made of rotten wallpaper, and then we will say that the foundation was always that way anyway.
Exactly - rather than taking the opportunity to study how we could run a financial system that functions better and implement changes, regulatory bodies say that the problem is too big to warrant consideration. Every flipping time.
To be honest I think this is a cyclic process only being interrupted when inequality and welfare become shitty enough to push a majority of individuals out of their comfort zone… that’s when revolutions happen.
Ealier I don’t expect anything to change as the biggest players are allowed to continously shape the system in their favor.
This is no different than any other market disruption. If a crash comes, the average consumer will take the brunt of the pain while an ever-shrinking group of rich people will buy up their losses at a discounted rate. Regulatory bodies will bail out anything deemed “too big to fail” under the guise of protecting jobs and the average citizen, but with the real effect of further wealth consolidation.
We will just keep wallpapering over the cracks in the foundation, until the foundation is made of rotten wallpaper, and then we will say that the foundation was always that way anyway.
Isn’t this the exact same thing happening durin all other finance crashes in the last decades? I don’t think the modus operandi is much different.
Exactly - rather than taking the opportunity to study how we could run a financial system that functions better and implement changes, regulatory bodies say that the problem is too big to warrant consideration. Every flipping time.
True
To be honest I think this is a cyclic process only being interrupted when inequality and welfare become shitty enough to push a majority of individuals out of their comfort zone… that’s when revolutions happen. Ealier I don’t expect anything to change as the biggest players are allowed to continously shape the system in their favor.