> History is clear on this: if left to their own devices, speculators will destroy the economy
Are you talking about the 2008 financial crisis? or do you mean something else?
Are you talking about the 2008 financial crisis? or do you mean something else?
Compare and contrast: resource allocation in finance-heavy Western nations with the same in the finance-light China. It's abundantly obvious to me that, through suppressing their financial sector, China has reached a superior economic outcome than they otherwise might have. We have elected to make traders the managers of our economy, and I think they have done a clear bad job and that we aught to reassess treating their decisions with such primacy.