4 ms·
Utilities in general even. Nobody wants municipal water supplies failing quickly. But for core commercial actives it seems like a fair observation.
by brookst 4y ago
Utilities in general even. Nobody wants municipal water supplies failing quickly.
But for core commercial actives it seems like a fair observation.
- AnimalMuppet 4y agoNo... but having them spend two decades failing slowly isn't the answer, either. I agree that utilities are a special case. The main point is that you don't want them to fail at all, ever. If they do fail, well, there aren't any good ways for that to happen.
- brookst 4y agoAgree. I think there's a distinction between infrastructure that must be reliable, and first-order commercial enterprises that must be agile and risky. Banks are squarely on the infrastructure side. They're a foundation that people rely on to do the really interesting stuff, and as such should be 1) low risk, and therefore 2) not profit-maximizing.
- 1123581321 4y agoWe could let utilities fail if we had a special receivership and continuity process for infrastructure. Think FDIC takeover teams.