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The economically disadvantaged to not hold the reins of power.
That was the start of what would have been my next commentary, but it really just boils down to that phrase. The poor are not in charge. They don't have access to the machinery that runs society. And to extrapolate from that, the poor cannot be blamed for an economic downturn.
I have seen people pin, say, the housing problem which resulted in the bailouts of entities like Freddie Mac and Fannie May based on the idea that these were people who were making unsound personal economic choices. The institutions that allowed these loans to be made and the people that spearheaded those policies knew that they were shaky.
The poor can realistically only make the economic decisions that they're allowed to. The poor cannot cause a recession, they can only be effected by it.
So.
That was the start of what would have been my next commentary, but it really just boils down to that phrase. The poor are not in charge. They don't have access to the machinery that runs society. And to extrapolate from that, the poor cannot be blamed for an economic downturn.
I have seen people pin, say, the housing problem which resulted in the bailouts of entities like Freddie Mac and Fannie May based on the idea that these were people who were making unsound personal economic choices. The institutions that allowed these loans to be made and the people that spearheaded those policies knew that they were shaky.
The poor can realistically only make the economic decisions that they're allowed to. The poor cannot cause a recession, they can only be effected by it.
So.
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