This is rather nebulous, but I feel like the environmentalist's response of "there is no away" to things being "thrown away" is relevant here. The derivative market is not an "away" into which unlimited amounts of risk can be dumped. Everyone would clearly like the world to be set up so that it's only the richest and least deserving that take losses in a crisis, but that's not how it works and may not even be possible.

We'd prefer any derivatives crisis to blow up only some unloved hedge funds, fly by night banks, and dumb sovereign wealth funds, but it turns out they keep selling on risky assets to unsophisticated investors. Like interest rate swaps.

https://www.usnews.com/opinion/blogs/economic-intelligence/2...

https://en.wikipedia.org/wiki/Local_authorities_swaps_litiga...