Silicon Valley Bank: Lessons from California-centered banking tremor
2022 will be remembered as the year of uncertainties due to a global tightening cycle and a major war in Ukraine. But on the other hand, the new banking quake in the United States and Europe also offers further warnings regarding the chronic problems and risks associated with the conventional financial system.
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Thoughts on the collapse of Silicon Valley Bank
The need for the government to play a role in financial crises highlights the problems with American liberal capitalism, which allows for the emergence of large and efficient companies that cannot be allowed to go bankrupt, creating a system that consistently protects "big money."
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