Doesn’t that kind of sound like “privatize the gains, socialize the losses”?
Yes it does, and it exists for ventures above a certain size, such as banks. Why not democratize that policy? The free market you mention and defend does not actually exist.
"Sensible" is a value judgement, and as such does not have to be anything, as we see in the current policy environment. We can say that the current policies are not sensible (or symmetric), but that's a response to a different question. The facts remain that the current markets are not free and that there are policies in effect that do socialize losses while privatizing gains.
Yes it does, and it exists for ventures above a certain size, such as banks. Why not democratize that policy? The free market you mention and defend does not actually exist.