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> Many of these SMBs and large corps took years to establish and have domain knowledge, trained work forces, supply chains that can’t just spin up easily. And
by XMPPwocky 7y ago
> Many of these SMBs and large corps took years to establish and have domain knowledge, trained work forces, supply chains that can’t just spin up easily.
And the value of all that will help get them a higher price when they sell the company.
Investors too scared to snap up these bargains? Cool- the government buys it and nationalizes it.
A little collective sacrifice and collaboration goes a long way all the time- not just when you get run over by the steamroller you were picking up pennies in front of.
- digitaltrees 7y agoIn normal times we have the bankruptcy courts to facilitate an orderly wind down and prevent fire sales. Its called the automatic stay, it prevents creditors from taking any action against a company in the zone of insolvency to seize assets, restrict credit or in any way gain a first mover advantage. In a crisis of the current scale, the normal system can not handle the volume of bankruptcies. I would be ok with the government buying companies to preserve value but most American leaders are morally opposed to this type of intervention so it is basically impossible to do what you're suggesting.