Spot on, Jonathan Tourzan. Speaking as an ignoramus, when it comes to economic issues, does that not also refer to what is called the socialisation of private risk? No?
And, ever thought of how national economies in the global south would probably boom, were base-of-the-pyramid-demographic families, and individuals, to be given substantial, bailout-taxpayer-sums to purchase homes, or major ticket items, such as farmlands, with?
Furtheremore, could they not repay same, over say 50 years, in agreed monthly installments - which will be whatever those concerned can afford to pay as 'rent', for each succeeding generation, until it is repaid after the fifth decade, I ask? Would definitely make for inclusive societies in many emerging nations, one suspects. No?
Additionally, would that not also evolve into well-provisioned-income-sources, for some longterm impact-investment funds, subscribed to by patient-investors? Funny how when the rich and powerful get taxpayer-handouts, it is given respectability, and stripped of moral-hazard-arguments, by being categorised as 'bailouts'. Wonders. Yet, when such taxpayer funds are directed to societies' marginalised, worldwide, they miraculously end up being labeled detrimental-and-economy-wrecking-socialism. Interesting what is in a name. Thanks for sharing, Jonathan. Cool.
Sent from Samsung tablet.
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