this post was submitted on 03 Dec 2023
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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]
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[–] [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.