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Or, hear me out here, let them fail? https://twitter.com/Street_Insider/status/1354430650154176514
It's a good deal to be empowered to make risky bets, fail, get bailed out, suffer no real consequence for your actions, and then repeat over and over and over again because the state and market has decided you're too big to fail.
And when people like me say 'Fuck it, let them tank,' we're told doing so will harm the economy and thus "regular people." As if those folks weren't being harmed by the system in the first place and won't be hurt again by the same behaviour post bail-out.
This is what we mean when we talk about capitalism and the market as far from natural or self-correcting or stabilizing. Capitalism is a system of management and the market is constantly managed -- it's just those with the capital and those who serve them do the managing.
n.b., compare private and public bailouts, for instance: https://nypost.com/2021/01/25/this-short-seller-just-got-a-2-75-billion-bailout/
But what's a private bailout as a rule? It's plutocrats protecting the system.
But what's a private bailout as a rule? It's plutocrats protecting the system.
While regulators, who are utterly captured, fail to do their job. https://www.nytimes.com/2020/07/23/business/economy/hedge-fund-bailout-dodd-frank.html
