An issue that clearly has been on the table starting with the Obama Administration back in 2009 and with NYC Mayor de Blasio as recently as early this year.
Would we allow major social and political institutions to collapse or be severely harmed due to the economic cycle needing “creative destruction” to reach maximized efficiency?
Is maximum economic efficiency really the end-all be-all of human civilized existence?
Is there a point at which the needs of the economic system are superseded by the needs of the natural world? The individual human being? The majority of human beings?
Read More: How Much Wealth Destruction are we willing to Put up with?