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Darkpaw1
The Plain Bagel
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Comments by "Darkpaw1" (@darkpaw1522) on "The Evergrande Crisis Explained - Today's The Deadline, Why The World Is Worried" video.
United States: Lets bail out big business. China: We don't do that here.
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@ohno7582 I prefer China's method because it is an effort at correction. Opposed to the United States where big businesses gain god-mode status and become "too big to fail". So why change when the default is you being bailed out no matter what. This would be less a problem if big business didn't have psuedo monopolies (see education), so when one fails people can relocate to a similar job like the old days. Buf we live in a world where money controls policies. And right niw those policies make it difficult for someone to even come close to challenging big businesses. And if they do...give it 5-10 years. A recession happens and resets the board for everyone but big businesses because, welll... "they're too big to fail'.
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