Its not capitalism that causes the over leveraged ponzi scheme, its the lender of last resort they call the Bank of Japan.
In a capitalist lending system you wouldn’t get bailed out for making risky loans, so there wouldn’t be the moral hazard, or the heightened cantillon effect to profit off debt accumulation.
Its not capitalism that causes the over leveraged ponzi scheme, its the lender of last resort they call the Bank of Japan.
In a capitalist lending system you wouldn’t get bailed out for making risky loans, so there wouldn’t be the moral hazard, or the heightened cantillon effect to profit off debt accumulation.