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Spot on, cheers. Interestingly enough the bulk of the SVB debacle went to Republican mega-donors. Plus "anti-woke" is an excuse for Jim Crow for everybody. But the larger issue is that our system is designed to promote bank runs, where vulture capitalists and pirate equity get us coming and going. Throw in the special treatment for instant billionaires (who unlikely to deliver the next big thing) and you have paradise for predators. Here is my 2cents on our continuing Great Dispossession: https://medium.com/@daneke/too-big-to-fail-just-got-smaller-we-are-no-longer-a-nation-with-banks-but-banks-with-a-nation-31fc0e5cd34b

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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