There’s been investment bubbles, overshooting and disingenuous rent seeking in many economies before. It was temporarily reduced in many western economies by various FDR type policies in the '30s-'60s. The '70s and '80s were just the banks wresting back their freedom to implement market “rationality”. And we get the benefits ever since.
People do keep voting for it though so it is hard to argue they’re not satisfied. Even the ones who protest vote don’t seem to see the “investment” markets as any part of the problem; or as important at all. That’s either some pretty effective demagoguery, or some dumb fucking electorate.
There’s been investment bubbles, overshooting and disingenuous rent seeking in many economies before. It was temporarily reduced in many western economies by various FDR type policies in the '30s-'60s. The '70s and '80s were just the banks wresting back their freedom to implement market “rationality”. And we get the benefits ever since.
People do keep voting for it though so it is hard to argue they’re not satisfied. Even the ones who protest vote don’t seem to see the “investment” markets as any part of the problem; or as important at all. That’s either some pretty effective demagoguery, or some dumb fucking electorate.