Galt's Gulch

Too Big to Fail?

Posted by empedocles 11 years ago to Business
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Should all business be allowed to fail? Would you have allowed AIG or GM to fail?

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  • Posted by Zenphamy 11 years ago
    Yes to both questions. A business model or operation that can't generate enough profits to pay it's costs has no worth to it's owners or society in general. It is a leech on all other properly run businesses and the individuals of the community. Saving it only prevents one of the better attributes of a free market -- constructive demolition.
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  • Posted by IndianaGary 11 years ago
    I hate your premise: that anyone other than the business owner has any part of the decision about the success or failure of that business. Who has the right to say whether or not a business is "allowed to fail"? Only the owners of that business.
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