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It's not the public's responsibility to ensure that companies don't over-extend themselves. When they do, they go out of business; this is how the market should
by cmiles74 9y ago
It's not the public's responsibility to ensure that companies don't over-extend themselves. When they do, they go out of business; this is how the market should work, in my opinion.
- scott_s 9y agoThat is not paulgb's concern, as I understand it. That is, paulgb is not concerned with the company itself, but rather its ability to undo harms to others. Companies going out of business doesn't correct the harm done to society.
- cmiles74 9y agoI see what your saying, but that also seems like the market at work. If the harm done to society is sufficiently large, perhaps at that point society might decide create a government entity to meet the need... I do think that the company's failure and the infliction of harm on society is an important part of the feedback loop; I'm not sure we should be trying to prevent that (I mean, harm in terms of dollars or time lost, etc.)