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Agreed 100%. So many issues with the economic system come from the fact companies want capitalism when it benefits them, but something akin to socialism when th
by CM30 4y ago
Agreed 100%. So many issues with the economic system come from the fact companies want capitalism when it benefits them, but something akin to socialism when there's a risk they'll fail.
So no. If your bank can't make payments? Tough, it should close down and go into administration or whatever. Maybe the government can bail out individuals, but companies relying on said banks can deal with bankruptcy or closure like it was any other sort of business risk. Company can't pay a higher minimum wage (or a livable one)? Then deal with less staff, or shut down, your business model simply doesn't work and isn't profitable.
And if your industry is dying because of technology (like say, Australian media outlets with Google and the internet), then tough. Accept it's probably dead and either downsize, come up with a new business strategy or close down.
So many seem to want a dog eat dog system when they're winning, but beg for mercy when it goes wrong.