JPD je zapisal:
In državni intervencionizem na finančnem področju v ZDA zna danes biti učinkovit odgovor na pomanjkljivo regulacijo finančnega trga v zadnjem desetletju. Že jutri pa bo potreben spet nov odgovor ekonomske politike na škodo, ki jo bo – danes koristen – državni intervencionizem povzročil v finančnih subjektih v ZDA in spet bomo priča deregulacije itd. Vir
Preprosto, kajne? Danes malo dereguliramo, jutri malo reguliramo in tako ad infinitum. Kljub temu, da nam pogled na borze dviguje pritisk, je v bistvu vse v mejah normale. Sistem deluje, čeprav znajo biti ti cikli malo preveč “dinamični” za kakšen bolj občutljiv želodec.
Tako pišmeuhovstvo je nevarno, ker zakriva akterje iz mesa in krvi in resnične ukrepe, še huje, sistematično sprego med velikim denarjem in političnim sistemom, ki so krivi za današnji kaos. Če je vse ok, če je vse “normalno”, če “trg”, tak kot pač je, spet ni nič kriv, potem se pač ni potrebno ukvarjati s takimi malenkostmi, kot je sistematičen projekt deregulacije bančnega sistema skozi celotna 90. leta prejšnjega stoletja :
Even more damaging, in light of today’s economic crisis, was the sweeping deregulation of the banking and financial services industries that took place in the 1990s.
Opozarjam na ta odsek (kot trajni spomenik, da se eni ničesar ne naučijo, če se jim to izplača)
What makes this enterprise particularly confounding is not only the fact that it took place under a Democratic president with support from a majority of Democrats in Congress, but that it followed so closely on the heels of the savings and loan crisis, which ought to have served as a cautionary tale on the dangers of deregulation in the banking sector. The Depository Institutions Act of 1982, another Reagan initiative, was supposed to “revitalize” the housing industry by freeing up the S&Ls to make more loans. Instead, the regulation rollback led to what economist John Kenneth Galbraith called “the largest and costliest venture in public misfeasance, malfeasance and larceny of all time” as they engaged in a fury of high-risk lending. The collapse that followed cost taxpayers an estimated $150 billion in government bailouts, and contributed to the recession of the early 1990s.
OK, deregulaciji malce spodrsne (tam nekje severno od 150 milijard USD), toda za revolucijo ni predaha…
Nadaljuj z branjem…