These considerations are requisite only in a capitalist system. In other economic models it is not a given that ”[i]nvestors...need to decide which businesses are viable... Workers need to consider career changes." In fact, the division between investors on the one hand and workers in the other is a large part of this problem. If we socialized gains and privatized losses (in the sense of never bailing out those agents that got themselves into bad situations), these cycles would at worst be much less severe and frequent.