logoalt Hacker News

grueztoday at 3:02 PM2 repliesview on HN

Which seems exactly like the sort of thing an authoritarian regime would do to placate the masses. Make an example of some big boss, but conveniently fail to fix or even acknowledge the issues that led to the crisis in the first place. In the example of the property bubble, it's domestic financial repression making real estate the only option for savings, and local governments being hooked (heh) on land sales to fund their budgets. The whole system was designed to pump up property prices and drive a bubble.


Replies

deauxtoday at 5:44 PM

That's a cop out. You can do both. Do you really think they haven't tried to fix the issues? There's no reason why they wouldn't. They try to fix the issues and rightly jail the CEO. To act as if he was just an unknowing cog in the system is nonsensical.

show 1 reply