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> Can you name a business that isn’t speculating on anything? Insurance companies, casinos, stock exchanges, utility companies, universities. If it were not f
by chronic83030 3y ago
> Can you name a business that isn’t speculating on anything?
Insurance companies, casinos, stock exchanges, utility companies, universities.
If it were not for government regulation, these companies would have near, infinite riskless profit.
- mtoner23 3y agoCertainly not riskless. Before government regulation many of these industries went bust often. They are usually credited as some of the first regulated industries due to their societal value and their nature to go under.
- zaroth 3y agoAll those things are replaceable if the incentives align. So I don’t think large profits would be risk free.