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by ssivark 2288 days ago
Well, the flip side is that during times of crisis, one would expect market forces to weed out the former kind of companies (leaner, and with globalized supply chains). So which ones survive, and which ones are out-competed are a consequence of which set of market forces we soften and which set we allow to play out.
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And the edge of that coin is: once we're past this crisis, the same market forces that created this peril will start cutting the redundancies from the survivors, setting us up for the next crisis couple decades down the line.
not when governments around the world bailout the bad companies because they are "too Big to fail"