Letting banks, the auto industry, and so on go under would ultimately lead to a far greater crisis affecting hundreds of thousands, even millions of people - and could easily result in a much deeper global economic crisis.
I’m not saying I like the interdependence between governments and large corporations (that’s very bad), and those bailouts are just treating the symptoms, not the causes. But unfortunately, there’s no other way right now.
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u/enjdusan 1h ago
That’s a bit of an oversimplification.
Letting banks, the auto industry, and so on go under would ultimately lead to a far greater crisis affecting hundreds of thousands, even millions of people - and could easily result in a much deeper global economic crisis.
I’m not saying I like the interdependence between governments and large corporations (that’s very bad), and those bailouts are just treating the symptoms, not the causes. But unfortunately, there’s no other way right now.