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> You cannot expect a business that has 6 days of life left to wait for such an approval process. A homeless man that has 6 hours left to live in the cold wint

> You cannot expect a business that has 6 days of life left to wait for such an approval process. A homeless man that has 6 hours left to live in the cold winter often cant get shelter, because instead we are really concerned with caterting the entire fabric of society to fictiontion problems that might one day affect a mismanaged business.

parineum 3y ago
Explain how that is related.
- mtsr 3y ago
  I’ll try to explain: Clearly there are serious scenarios outside M&A where we accept terrible failures due to regulations. Why not accept some in M&A as well?
  - lcnPylGDnU4H9OF 3y ago
    Admittedly, I read the other comment as a whataboutism. This explanation seems to help. I think one could argue that the business failure is likely to affect more people, therefore it’s a greater impact. Still, I ultimately agree with this stance (in the context of business survival, not personal); failure is an inherent risk of business.
    - mtsr 3y ago
      Agreed. The number of people affected is a big difference. But I think the comparison does make clear that isn’t necessarily a principled reason not to accept a few failures as part of otherwise useful regulation.
      - omniglottal 3y ago
        A "few failures as part of otherwise useful regulation" sounds an awful lot like some innocent victims exists, treated as guilty. Treating the (presumed) innocent as though guilty, by regulation even, doesn't sound all that good. In fact, seems there in fact are profound and relevant principles to not accept that.
        lcnPylGDnU4H9OF 3y ago
        > some innocent victims exists, treated as guilty The context in this discussion is comparing the hypothetical of a homeless person dying due to a systemic failure to the hypothetical of a business going bankrupt (without being acquired) due to a systemic failure. This concept of presumed innocence ought to apply to this hypothetical homeless person: why not give them shelter (analogous to allowing M&A) by default, until someone decides it’s a problem? If a society is willing to accept this personal death, they should be willing to accept a business failure.

parineum 3y ago

Explain how that is related.

mtsr 3y ago
I’ll try to explain: Clearly there are serious scenarios outside M&A where we accept terrible failures due to regulations. Why not accept some in M&A as well?
- lcnPylGDnU4H9OF 3y ago
  Admittedly, I read the other comment as a whataboutism. This explanation seems to help. I think one could argue that the business failure is likely to affect more people, therefore it’s a greater impact. Still, I ultimately agree with this stance (in the context of business survival, not personal); failure is an inherent risk of business.
  - mtsr 3y ago
    Agreed. The number of people affected is a big difference. But I think the comparison does make clear that isn’t necessarily a principled reason not to accept a few failures as part of otherwise useful regulation.
    - omniglottal 3y ago
      A "few failures as part of otherwise useful regulation" sounds an awful lot like some innocent victims exists, treated as guilty. Treating the (presumed) innocent as though guilty, by regulation even, doesn't sound all that good. In fact, seems there in fact are profound and relevant principles to not accept that.
      - lcnPylGDnU4H9OF 3y ago
        > some innocent victims exists, treated as guilty The context in this discussion is comparing the hypothetical of a homeless person dying due to a systemic failure to the hypothetical of a business going bankrupt (without being acquired) due to a systemic failure. This concept of presumed innocence ought to apply to this hypothetical homeless person: why not give them shelter (analogous to allowing M&A) by default, until someone decides it’s a problem? If a society is willing to accept this personal death, they should be willing to accept a business failure.