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It's not a binary decision. Bailing out the banks or allowing the entire banking system to collapse. It's perfectly feasible to imagine a situation where financial institutions were semi-nationalised, hugely regulated and repurposed for the good of the 'economy' rather than their own interests.
Growth can be measured at a macro level by global GDP
https://www.worldometers.info/gdp/
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I wholeheartedly agree with this, chucking the people who caused that mess a load of free money, rather than locking them up and sorting it out properly was a massive fuck up and just means the same will happen again.
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Growth can be measured at a macro level by global GDP
You mean the site with this graph showing year on year global GDP growth? Perhaps you could explain how this shows the last 12 years as 'the bullish 12 years of growth ever.'
snottyotter
Brommers
Allowing the entire banking system to collapse certainly would have changed the status quo. Or at least put it back it time to somewhere around the late Middle Ages.
I'd be curious to know what metric you're using to assess that, other than gut reaction, anecdote and 'common sense'.