2 ms·
> Why should it be legal to make billions of dollars in profit off of the failure of something? How does that make economic sense? These guys walk off with a hu
by kaibee 6y ago
> Why should it be legal to make billions of dollars in profit off of the failure of something? How does that make economic sense? These guys walk off with a huge bag of cash, a bunch of investors that were trying to invest positively get screwed, the mall dies,
The way you've written this kind of implies that the mall dies because they bet against it. That isn't the case at all. The malls were going to die either way.
> and all that money and economic opportunity vanishes.
Live by the sword, die by the sword. Malls were part of what killed small mom & pop shops. Things change. Government programs should be in-place to protect people (especially like, normal people) from the worst/unpredictable outcomes of market based economy, but overall, markets are good at allocating capital to what people actually want (whether its actually good for us or not, see: social media).
> Are we _really_ to believe that the era of the physical marketplace, the Third Location where you can take your family and kill a rainy day, is really dead? Does nobody want this at all, anymore?
Can we please aspire to a better 3rd place than an advertising/consumerist mecca? How about community centers with pools, basketball courts, and arcades? With a mall's food court attached?
- msh 6y agoSo much this: >Can we please aspire to a better 3rd place than an advertising/consumerist mecca? How about community centers with pools, basketball courts, and arcades? With a mall's food court attached?