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> Shitty company will go down in a natural way in a free market economy. This is the crux. "Shitty" as in obsolete business model: Yes. Shitty as in fraudulent
by Pyramus 6y ago
> Shitty company will go down in a natural way in a free market economy.
This is the crux. "Shitty" as in obsolete business model: Yes.
Shitty as in fraudulent company behaviour: No.
In fact, fraudulent behaviour creates a competitive advantage. And there is only an incentive for the regulator to intervene in the most extreme cases.
Wirecard employed thousands of employees, paid taxes, contributed to social security, and created wealth for investors. Tesla has accelerated the spread of EVs and similarly created enormous wealth for investors. These are real, significant positive effects.