The only lunatic is you - you have zero experience of an administration that taxes innovators and success and rewards indolence . You are basic your notions and beliefs from a text book and not reality
Also I hate to break it you - recession and global crashes pass 95% of people by - they are not negatively impacted by it at all. The 2008 crash has made zero difference to virtually anyone.
What experience do you have in such a system? I should point that our current system does this to a greater or lesser extent.
How are you defining negatively impacted? Consider that house prices dropped about 30% which the majority of people are exposed to. Consider that global markets dropped around 40% which about 75% of the population are exposed to via workplace pensions and SIPPs and yet more are exposed to via them working in the economy.
Why 95% of people as an arbitrary figure? If the numbers of unemployed (which reached around 9%) were within that 5% does that make it ok? What about the numbers of suicide related to the recession, suicide rates rose over 6% in the following years. Is that ok as it is less than 5% of the overall population?
Furthermore, as the conversation was about the causes of the recession just what point were you hoping to make? That recession is ok? In which case, does it matter to you if the causes are unregulated capitalism or socialism?
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