How do people arrive at this point.
It feels like a religious chant. Invisible hand will self regulate and everything will be great as long as you submit.
In all recorded history there has been no case where due to lack of regulation society 'self regulated' itself into some idyllic dream state.
The less oversight the more rule of the strongest/most selfish prevails.
Looking back at history of European nations, the struggle between classes: Ruling class, aristocracy (wealthy class) and others (people with low on no power), always gives the same outcome when one class out-powers others. In Russia ruling class took all power (to this day really), Poland and Hungary the wealthy took power and gouged kings rights to the point where they ruled. And as they ruled they drained their respective countries of wealth and future.
Then we have Britain with Magna Carta that regulated and prevented each class from winning over others. I don't think I need to explain how that worked out for Britain.
Pure capitalism is actually happening right now, what you point to is nothing but outcome of the wealthy controlling government to do their bidding.
USA where harsh capitalism is for poor, and socialism is for the richest.
Bailouts are nothing less then socialism is for the richest. It was the banks that coined the term 'too big to fail' not some leftwing nutjob.
Gangrene is not bad but because you are trying to heal it your leg will rot.
