4 ms·
Businesses won't plan long term or for black swan events if they don't have to; it is rational not to if they know a bailout is coming.
by WillPostForFood 2y ago
Businesses won't plan long term or for black swan events if they don't have to; it is rational not to if they know a bailout is coming.
- lukeschlather 2y agoBusinesses won't plan for black swan events when the people operating them have other sufficient wealth that the death of the company doesn't pose a serious problem for them. When CEOs make enough in a year to retire, there's no need to to worry about a potential catastrophic failure next year.