this post was submitted on 03 Dec 2023
1283 points (91.6% liked)

Memes

45887 readers
1532 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
1283
They aren't, and I'm sick of being told they are (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
201 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 1 year ago

It's not just that. You want businesses to be able to fail if they are being run poorly. That's something that's a lot harder with government agencies, state owned enterprises, and large companies.

  • government agencies: People rely on them by design. You can't simply shut down the health care or welfare system because it's being run poorly or corruptly.
  • state owned enterprises: There is pressure from the ruling class to keep even inefficiently run or corrupt SOE going because they provide jobs and patronage.
  • large companies: They become systemically important. The loss of a single large business can cascade through the economy. See: Lehman Brothers or the big auto companies during the 2008 crash.