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No, but the collateral damage in letting it all burn to the ground overnight is also a problem. The bailouts aren’t/weren’t problems. Failing to hold big compa
by AbstractH24 1y ago
No, but the collateral damage in letting it all burn to the ground overnight is also a problem.
The bailouts aren’t/weren’t problems. Failing to hold big companies and their leaders accountable for risks they took not paying off in a way that doesn’t disrupt low level people is.
- sanex 1y agoAgree it's not great, and I still drive Chevy's, but laissez-faire capitalism isn't what's keeping a lot of these big legacy companies alive. Tech companies I think might be a different dynamic.
- AbstractH24 1y agoI was thinking more banks and mortgages than car companies. But in both cases the concern is not just employees, but also direct and indirect investors. But agree, more needs to be done to force innovation and allow for things to “fail gradually” when they neglect to