Question by ideogenetic: Why did the Clinton and Bush deregulation regime lead to misallocation of capital ending in financial collapse?
Is it now obvious that markets do not know best how to allocate capital?
“And what I’m saying to you is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact.” – Alan Greenspan, finally realizing the flaws of capitalism that Marx understood in the 19th century.
Best answer:
Answer by Bo Bo
What they called deregulation wasn’t.
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