Or until more rational covenants exist. Markets are largely rational economically.
That's the monumental social question going unconsidered -- why has governmental regulation not somehow adapted to the new economic reality, so that all that real physical capital is put to at least some productive use?
That's the monumental social question going unconsidered -- why has governmental regulation not somehow adapted to the new economic reality, so that all that real physical capital is put to at least some productive use?