A stronger steelman is that it results in resources getting allocated in smarter/healthier ways across society. If there's some business that's getting by but

A stronger steelman is that it results in resources getting allocated in smarter/healthier ways across society. If there's some business that's getting by but the land it's on is more valuable (e.g. for housing) than the business, some investors buy the business, sell the land, make the business account for the land value, wind the business down if it can't, and there are apartments there a few years later.