It’s not capitalism. It’s a soft tyranny. The gov’t is the problem. Not the market.
No, I disagree. All people were concerned about was making money. Buying and flipping houses, borrowing against their assets to finance their lifestyles, buying stuff they couldn’t afford, betting on risky financial instruments, ignoring common sense, etc..
Yeah, government played a role in getting us here but self-interest played a huge roll as well. I hope people learn the painful lessons from all this:
1) Don’t borrow what you cannot afford to pay back
2) Don’t assume the market is going to go up forever
3) Save cash and have access to capital for when you need it
Ninety to 95% of what the federal government does at any moment in time is to work on problems created by previous federal government actions.