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Originally Posted by John Wilkes Booth
is it lack of understanding or is it the fact that everyone is self interested and not as concerned with the overall well being of the economy so long as they turn out alright
i mean who really took the hit when the economy crashed?
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So, they knew that the entire system they had exploited to make them ****loads of money would come crashing down, leaving them at the mercy of the government to bailout? Which they only did once Lehman Brothers went belly up. That's not selfish and short sighted, that's just not having any idea how to interpret the long term actions of such an infinitely complex system.
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Originally Posted by DwnWthVwls
I'd like to give them the benefit of the doubt. I hope the economic masterminds of the world truly understand the system they are dealing with but decided to be selfish assholes.
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Key words, "like" and "hope". Two words not based in logic. Face it. The people who run this world are holding on by their fingertips the same as everyone else.