General Discussion
In reply to the discussion: Capitalism is not the enemy. Capitalism has improved the Lives of millions. [View all]KansDem
(28,498 posts)But wasn't that what TARP "prevented?" I was under the impression that one of the primary tenets of capitalism was that you either succeeded or failed based on your savvy and hard work. But TARP contradicted this notion.
I agree that a "complete economic collapse" would have given us the chance to "reorganized." but I heard many folks at the time tell me in defense of TARP that "if we hadn't done it, we'd all be out of jobs with no savings or pensions," so we kept a gang of corrupt, criminal capitalists in power as we continue to limp along relieved that we still have crappy jobs with dwindling 401Ks.
But as you observed, climate change on this planet will render such questions moot.
But for now, TARP preserved the corpse for the maggots to feed a little longer.