> The market clearly decided that investing a trillion dollars in speculative capacity was not valuable
Somehow the investors need to get back their investment, cover their risk, and make a profit on top of that. Impossible?
Even worldwide, the median per-capita household income is $2,920. 1 trillion is a lot of money.
Edit: is there a name for the fallacy “something costs an individual $x, therefore the individual can afford to pay $x”, or the similar fallacy “something costs people an $x GDP, therefore the government should pay $x to fix it”.
Somehow the investors need to get back their investment, cover their risk, and make a profit on top of that. Impossible?
Even worldwide, the median per-capita household income is $2,920. 1 trillion is a lot of money.
Edit: is there a name for the fallacy “something costs an individual $x, therefore the individual can afford to pay $x”, or the similar fallacy “something costs people an $x GDP, therefore the government should pay $x to fix it”.