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If a business fails because it didn't plan for a black swan event, let it fail. Otherwise you create a moral hazard and ensure stuff like this happens over and

• text70 6y ago
  There is an idea that I have been playing with which kind of tests this idea, sort of a social pen-testing for companies, and seeing where the weak points are in a company's philosophical and behavioral hierarchy. This idea basically boils down to business ethics, and the idea of long-term gains can beat a stochastic market and lessen risk if the player and its subsidiaries behave ethically, independent of direct cooperation events. So this means that it doesn't matter whether a company seeks to compete or not, as long as it makes civically minded choices. The problem is that when neither government nor private business makes good civically minded choices that chaos eventually erupts; essentially, the cause and effect are interlinked and correlated.