[entech]

The prevailing view of government’s incompetence and inability to act has reached such high levels that people do not even factor any sort of meaningful intervention anymore.

Does everyone really think that the world governments would allow any level job loss that would create panic before shutting this whole thing down within the area of their control?

It’s probably the western culture bias - people in UK or US have not seen or experienced big enough government intervention. US citizens are probably feeling a bit of the change now.