McKinsey: Half the World’s Banks Too Weak to Survive Downturn

Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by QuesnayJr on Wednesday October 23, 2019 @02:49AM (#21331809)

We've had recessions for the entire history of capitalism, under a large number of legal regimes. We had recessions back when banking was much more tightly regulated. We had recessions under laissez-faire. Recessions are endemic to the system. Our choices are either "combat unemployment" or get ready for socialism to finally win the war of ideas.

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Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by dmix on Wednesday October 23, 2019 @02:33PM (#21337429)

> or get ready for socialism to finally win the war of ideas.

Yeah how's that working out in Venezuela and Ecuador (who only half-heartedly did it and still got burned).

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Re:McKinsey: Half the World’s Banks Too Weak to Survive Down... by QuesnayJr on Wednesday October 23, 2019 @05:03PM (#21338988)

It's working out badly. But we get 25% unemployment, and a lot more countries are going to try it.

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