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by bradleyjg
2273 days ago
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That’s not necessarily the case. They’d have to either have that cash on hand or be able to raise it in the debt or equity markets. If these are long term viable businesses, I don’t see why they shouldn’t be able to do just that. Doesn’t seem like any are trying because they’d rather get a government handout. Fair weather capitalists. |
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The debt/equity markets are beyond fucked at the moment. Relying on them is what led the financial industry to the 2008 crisis and it certainly won't be a good idea to rely on them in future pandemics.
> Fair weather capitalists.
The entire point of governments in a capitalist system is to deal with stuff that is too big for companies and individual people to handle - which a pandemic certainly is.