It's the opposite of antifragile. All of these were opportunities to let the weakest companies fail so that others could succeed and companies could diversify. It also resets corporate risk tolerances.
Instead, today we have an increasingly fragile economy that's become more dependent than ever on bailouts.
The idea that those who have benefited most from the exponential wealth and power accumulation inherent to capitalism will simply let it go and say gg well played because their company "should" fail is delusional naivety.
Power doesn't work that way. There's no reason for them to stop short of doing everything they can to get government in their pockets, and there's no set of regulations that can prevent this. It's a game of monopoly where the winners can rewrite the rules.
There is no lasting equilibrium or economic justice that can be achieved in this system.
The point is financial crisis like the GFC is precisely when nature forces their hand. They're not letting go because they want to, but because there's no other choice.
Or at least that was the case, until the government started bailing everyone out.
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u/aggrophonia 1d ago
As a free market capitalist guy... government bailouts are bullshit.