Many have said it...another context is Post 80's to current day its been the "Socialization of Risk" both government and private sector with political actors picking there own tribal-winners with the pendulum never stopping or balancing out and given the intricacies of technology memes like A.I., this dynamic of socializing risk will onl…
Many have said it...another context is Post 80's to current day its been the "Socialization of Risk" both government and private sector with political actors picking there own tribal-winners with the pendulum never stopping or balancing out and given the intricacies of technology memes like A.I., this dynamic of socializing risk will only continually rise in scale/methodology. Universal Health Care, Social Security, UBI, Job Guarantee, Subsidies, Trade Wars, Taxes, Bank/Depositor Rescue, Global CB's..its all the same dynamic....no belief or argument here, just an observation!
It certainly could be argued that we are seeing a similar process play out across a variety of fields. Clearly trade offs are involved - it’s not all bad. But it does seem like tentacles are expanding ever further.
Many have said it...another context is Post 80's to current day its been the "Socialization of Risk" both government and private sector with political actors picking there own tribal-winners with the pendulum never stopping or balancing out and given the intricacies of technology memes like A.I., this dynamic of socializing risk will only continually rise in scale/methodology. Universal Health Care, Social Security, UBI, Job Guarantee, Subsidies, Trade Wars, Taxes, Bank/Depositor Rescue, Global CB's..its all the same dynamic....no belief or argument here, just an observation!
It certainly could be argued that we are seeing a similar process play out across a variety of fields. Clearly trade offs are involved - it’s not all bad. But it does seem like tentacles are expanding ever further.