Capitalism works under a lot of assumptions, one of them is no friction with information. This particular story is just taking advantage of a small, imperceptible (to the rentors) risk capital gap, but some savvy and attached fans saw it and wanted to take advantage of it.
It's just like a lot of microfinance in say a poor struggling neighborhood in Bangladesh. There's money to be made there, but most traditional bankers or participants would ignore it or be blind to it. When socialism steps in is not when it's able to cover that gap, but when it has the foresight or wisdom to know why that gap should be covered. That wisdom is something that doesn't always happen in less than ideal capitalist systems.
Capitalism works under a lot of assumptions, one of them is no friction with information. This particular story is just taking advantage of a small, imperceptible (to the rentors) risk capital gap, but some savvy and attached fans saw it and wanted to take advantage of it.
It's just like a lot of microfinance in say a poor struggling neighborhood in Bangladesh. There's money to be made there, but most traditional bankers or participants would ignore it or be blind to it. When socialism steps in is not when it's able to cover that gap, but when it has the foresight or wisdom to know why that gap should be covered. That wisdom is something that doesn't always happen in less than ideal capitalist systems.