Frontline is all over the place in this one.
Asymmetry
Instability
Moral Hazard
The big players get overly aggressive and win - they pocket the proceeds.
The big players get overly aggressive and lose - they get bailed out. Again.
The big burst of over-exuberance is usually the bellwether of a crash. Which forces the questions:
- What does that burst look like?
- Will we recognize it?
- Are we seeing it now?
And of course, when the slump hits - and it will - are we going to allow the big players to panic us into another "solution" that will almost certainly be almost literally nothing more than Trickle Down rebranded?
We have to get back to where we have a national economic overview.
Not a blueprint - and not a central plan - but something like general common-sense good-government guidelines not based in a plutocratic agenda - something that looks to re-establish a better (ie: fairer) balance between capital and labor.
If the point is to kill off everybody else in an attempt to be King Of The Hill, then there is no fucking point to any of this at all.
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