It's an inherently volatile system. Capitalism, if left completely to its own devices w/o gubbamint interventions would result in massive monopolies and cartels which would then become bloated stagnant and inefficient just like any bureaucracy.
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Replying to @Banned_Ali @enjoy_murph and
I like to compare it to an ecosystem, wherein the appearance of equilibrium is actually maintained by cycles of catastrophes: herbivores get populous-> eat all the plants->famine->equilibrium Carnivores get populous->eat all the herbivores->starve etc.
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Ya anything that gets out of balance will eventually have to rebalance itself whether it wants to or not.
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IMO this rebalancing is artificially being forestalled by corporate/govt intervention. Which just means that when the crisis hits, it'll be that much worse.
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If the problem would have been dealt with in 08 we might be in better shape today but I have no illusions about what's coming in the near future and it ain't gonna be pretty.
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They should have let the financial sector take the hit. The financial sector would have then fixed their own problems because they didn't want to take a hit again. This correction never occurred because govt didn't want anyone to suffer the consequences.
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I think the solution would have been to break them up and create smaller institutions thereby reducing the risk to the whole country if a few of them behaved badly. Kind of like what Roosevelt did with Standard Oil.
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Going back to my ecosystem analogy, the govt.'s job ought to be to engage in wildlife-management, culling, etc. to prevent/mitigate crises. Instead they're feeding an ever-increasing population of wolves because for some inexplicable reason they *keep running out of prey*.
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They seem dead set on creating the biggest and strongest wolves and then creating giant wolf armor so the wolves can't possibly be hurt.
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And then they wonder why the system is out of balance and requires constant intervention to keep going. Apropos, we had an actual IRL case of this going on with a bunch of "wild" cattle and deer and stuff in a wildlife preserve. W/o natural predators the population of herbivores
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..exploded far beyond what the fauna could sustain. Last winter all the bleeding hearts were crying and protesting the fact that the govt wasn't feeding these animals, but of course doing so would just mean more dependent herbivores next year. Of course the govt cucked in the end
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