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This isn’t “creative” destruction though. Purely destructive destruction
by johnsimer 4y ago
This isn’t “creative” destruction though. Purely destructive destruction
- woodruffw 4y agoI, for one, feel my creative energy flowing while watching it.
- nostromo 4y agoNo, it’s the same. SVB made bad bets and mismanaged risk. These firms should fail to make room for better firms. And people that work with mismanaged firms will often take a loss, often via bankruptcy. Startups liked SVB because they would take risks big banks wouldn’t. Well risk comes at a cost. The government’s role here isn’t to make everyone whole. It’s to prevent contagion.