The statement was that large companies should be “safer” because they are globally diverse, which completely ignores the fact that government and companies are

The statement was that large companies should be “safer” because they are globally diverse, which completely ignores the fact that government and companies are apples and oranges. As long as you are borrowing in the currency you own, you can print money to pay that debt off, maybe it happens like Weimar Germany where you trigger a painful bought of hyperinflation, but the debt gets paid and there is no default. There is not a company in existence that can say the same thing