This is, of course, a natural consequence of the institutionalized worldview that axiomatically and uncritically assumes market dynamics as chaotic, socially destructive forces, only to be tamed by a benevolent governmental apparatus in charge of watching over the interests of the wider public.

Take, for instance, the headline from Joe Paglieri at CNN Money:

“Mt.Gox site disappears, Bitcoin future in doubt” (emphasis mine).

It’s one of the clearest examples of the phenomenon. The bankruptcy of a key player in an industry is assumed to inexorably imply instant doom for the industry as a whole. A very similar logic to what the whole “too big to fail” meme meant towards justifying the enormous bailouts handed out to the banking industry during the latest global financial crisis.