When did we start expecting government to support our consumerist lifestyle? #dmingml

Just finished my 2am lecture on Polanyi and a robust discussion on the pros and cons of capitalism, free markets, the role of government, and what happens when free markets are not well regulated and instead consumed by personal greed, a sense of entitlement, and growing debt, all of which undermines 'healthy' capitalism and creates an unhealthy reliance on the government for welfare and support when it collapses.

Let me try and understand this -

1. Free markets and capitalism help the world go round in an economic sense

2. We consume more and buy more, and discover there is good debt and bad debt

3. Good debt is when we borrow more money to invest than we currently own to make money on what doesn't really belong to us

4. Good debt hopefully yields us a return that enables us to spend more, feeding a sense of entitlement and basis for financial security

5. When the market collapses due to unrestrained consumerism and greed, we expect the government to rescue us from having lived beyond our means (notwithstanding the importance of protecting the economically vulnerable most impacted by our consumerism)

6. Now more than ever we have a growing reliance on the restoration of our free markets and economic system to cover our debts and our societal responsibility to provide for the vulnerable and poor

7. We want to rise above all of this and become financially independent, and once again find we are trapped or at least heavily influenced by our consumerist and investment decisions

8. We have pledged allegiance once more to our free market economic system that will never fail us

I think I get it :) forgive me. It's now 4am and I'm going back to sleep to dream of something less stressful.