Quote:
Originally Posted by estebangc
Am I the only one thinking that this sort of economic crisis are just planned, guided, designed well in advance in order to destroy all the middle class and the small and medium enteprises?
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In short, planned - no, predictable - yes.
The starting point is the following quote:
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing. "
We, the people, vote in the governments that allow this all to happen.
Bad governments make bad policies reacting to short term incentives.
The people (who are consumers) live beyond their means and push the government and their policies to their limit to allow them to do so.
Too much debt in government, too much debt in business, too much debt for individuals.
Normal economic shocks happen and an overly burdened government, business, or person will collapse under the weight.
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