If your backer is a state with access to a printing press, failure is synonymous with either failure of said state or loss of political favor. Such entities are

If your backer is a state with access to a printing press, failure is synonymous with either failure of said state or loss of political favor. Such entities are de-facto government agencies and are not subject to the normal rules of economics. Very true. It makes me sad when people continue to refer to the USA as a capitalist country, especially in the context of a criticism of capitalism.