"one of life's lessons is - you pay for all your mistakes"
This isn't true though. The people with the most direct responsibility for crashing the world economy, like those with the most direct responsibility for bankrupting Greece, haven't paid at all.
Also, I think the "citizens of democracies are responsible for the crimes of their leaders" moral principle is one you probably don't want to consistently apply. To try a reductio ad absurdum, I assume you're not in agreement with Bin Laden's reasoning for the WTC attacks, for example.
This isn't true though. The people with the most direct responsibility for crashing the world economy, like those with the most direct responsibility for bankrupting Greece, haven't paid at all.
Also, I think the "citizens of democracies are responsible for the crimes of their leaders" moral principle is one you probably don't want to consistently apply. To try a reductio ad absurdum, I assume you're not in agreement with Bin Laden's reasoning for the WTC attacks, for example.