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Let companies fail, but take care of the people that relied on them, if necessary. That should be the principle of a free market, if you insist on keeping it fr
by groestl 4y ago
Let companies fail, but take care of the people that relied on them, if necessary. That should be the principle of a free market, if you insist on keeping it free.
- jsutton 4y agoCompanies shouldn't fail just because their bank lost their money. That's ridiculous and not at all the principle of a free market.
- groestl 4y agoWell, mitigating counterparty risk should be priced into goods, so yes, it's the free market.
- antibasilisk 4y agobanks are a part of the market, why should they be exempt from market conditions?
- krapp 4y ago>That should be the principle of a free market, if you insist on keeping it free. In a free market when companies and banks go down people are just fucked. This is why we don't (and shouldn't) have a free market.
- groestl 4y agoI agree. I'm ordoliberal, as I recently learned.