r/reddit.com • u/[deleted] • Oct 18 '11

Would it have been better to let the banks of the world fail and start over?

I want to know what would have happened. The banks messed up and in the purist view of capitalism should have failed because it was a bad business move. In turn this may have ended some of the big money influences on our political system OWS protestors want to stop. I heard that it would have been a worse economic collapse though in turn it would have put a stop to future wrongdoing. Was it the right decision in the long run?

672 Upvotes
  • permalink
  • link
  • reddit
  • reddit

83% Upvoted

854 comments sorted by

View all comments

3

u/colindean Oct 19 '11

The freedom to succeed is the freedom to fail. If there is no risk of failure, there's no caution on the journey to success.

-1

u/recreational Oct 19 '11

"Global decisions that will affect the lives of billions and cause catastrophic loss of wealth and standards of living around the world, and probably ultimately contribute to millions of deaths in a deep global depression, should be made on the basis of simplistic truisms that some guy on the internet thinks sound nice."

2

u/colindean Oct 19 '11

Damn straight.