Will we? The trend has been for countries to protect their big losers, those underperforming companies that are too big to fail. Started in Japan in the 80s,

Will we? The trend has been for countries to protect their big losers, those underperforming companies that are too big to fail. Started in Japan in the 80s, then Europe in the 2000s, and the U.S. since 2009. Arguably communist countries have always functioned this way, with state-owned enterprises. The result is a coupling between between the fate of the nation and the fate of its major employers, with loose monetary policy, regulatory capture, and explicit fiscal bailouts to protect it. Then instead of the deadwood being cleaned out, the whole country becomes deadwood, and you get lost generations and social unrest as the only way to throw out ways of doing business that aren't working is to throw out the people in power.