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By this 'principle,' measures like eliminating the corporation as a risk management tool, or even imposing artificially severe punishments for business failure,
by slurgfest 14y ago
By this 'principle,' measures like eliminating the corporation as a risk management tool, or even imposing artificially severe punishments for business failure, should increase hustle and therefore mean more successful businesses.
- dllthomas 14y agoTrue. That doesn't mean that there isn't some optimum amount of downside, for optimal progress and human flourishing and whatnot. But an automatic assumption that what we currently have is that optimal amount seems to just be a bias towards the status quo.
- eli_gottlieb 14y agoWell yes, of course. vm, like many people, misreads "no pain, no gain" to say, "pain == gain."