Memes

45753 readers

816 users here now

Rules:

Be civil and nice.
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]

1288

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]

202 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.