Is it good that America allows large and successful firms to fail?
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Re: Is it good that America allows large and successful firms to fail?
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To expand and explain further, the catch is that these firms turn out to be the biggest employers as well as boosters of the economy, and letting them fall may prove disastrous.Dennis Kiage wrote: ↑25 Apr 2024, 08:03 On one end, certainly! Some big firms turn out to be monopolies that in the end turn to some nefarious practices that hurt the end consumer in the long run. It's certainly good, but there's a catch.
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Certainly! This isn't about black and white; there is a whole shade of Grey to consider.
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That's quite an interesting perspective. But don't you think that innovation also require the financial muscles these companies have for them to be successful?Eric Evans 2 wrote: ↑19 Apr 2024, 09:09 Yes, America should allow any business to fail. Our economy is built on innovation and forward thinking. Just because a company grew large, doesn't mean it should continue to exist solely on the fact that they provide jobs. Other innovators or new companies will take their place in the market if they fail to keep up with the times.
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Launchpad talks about how the government is used both for and against big business depending on the situation or the lobbyists at the time. I think another important topic is government operational performance itself: Understaffed IRS, FAA not monitoring the big boys so we have planes with all sorts of manufacturing defects, congressional inquiries and investigations that most of the public do not care at all about.Jim Zosson wrote: ↑15 Apr 2024, 12:11 No, it is not good. However, the government will always do what benefits them. So at the end of the day, they do what they want.
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