That's a good question. So, 2008 was a major problem and financial institutions brought that on themselves. But that's - fortunately, even though there were significant knock on effects - limited to one very important slice of the market, not unlike say when Enron went bust or when the .com bust happened. The rest of the free market is what pulled us out of those things.

Free markets are on balance a good thing, assuming a level playing field and regulations to curb externalization and monopolization as well as cartel forming.