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Exactly where I was going to go. Economies are about allocation of finite resources (labor being one of those). If a company is so poorly ran that it can't de
by djschnei 10y ago
Exactly where I was going to go. Economies are about allocation of finite resources (labor being one of those). If a company is so poorly ran that it can't determine the correct price it's willing to pay for labor through cost-benefit analysis, I'd rather it not exist. Politically, we have a thing for making it harder for bad companies to fail.
- r_smart 10y agoAgreed! There are bad businesses making bad decisions all the time. Just waiting for someone to come eat their lunch. But we sort of shelter them from those consequences. My only disagreement with you is that I'm happy for a bad business to exist as long as it can manage it. I just don't think we should save them from being destroyed by their dysfunction.
- djschnei 10y agoI guess I just mean I don't think we (government) should keep bad business afloat. If they can manage on their own, who am I to say it's bad ;D
- John23832 10y agoI agree, bad companies should fail. But we discourage their failure because when they do, people are out on the street. And good companies don't spring up as often as we would like.