4 ms·
Google doesn't have a bail-out guarantee by the government. If the risk is privatised, the profits can be privatised. If the risk is socialised, the profits a
by mpweiher 4y ago
Google doesn't have a bail-out guarantee by the government.
If the risk is privatised, the profits can be privatised.
If the risk is socialised, the profits are also socialised.
Simples.
See: https://en.wikipedia.org/wiki/Moral_hazard https://en.wikipedia.org/wiki/Moral_hazard