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Society is made stronger when businesses fail and workers get reallocated to more productive companies. Short term pain is necessary for long term benefits. Th
by seibelj 6y ago
Society is made stronger when businesses fail and workers get reallocated to more productive companies. Short term pain is necessary for long term benefits.
This logic is anathema to some people, who wish that the same stodgy old conglomerates exist in perpetuity like a government agency. But this would be suicidal.
- tweetle_beetle 6y agoYes, but ending lemon socialism should only happen when a society is able to handle the effects of businesses failing gracefully. Going back to your apple - the requirements for society to gracefully handle an apple's owner allowing it to rot are nothing. For handling a large company failing gracefully, they are very significant. A society that is happy to let this happen should recognise this difference and set aside resources to prepare for it - on a scale that recognises the relative difference.