[femto]

> Business failure is perceived by many as personal failure rather than a learning experience.

I'd content that Australians' bias isn't against failure, but against making other people wear the cost of your failure.

The reason some failed businesses are held against owners, is because the owners didn't make sure there was enough in company to pay the workers their entitlements (salary, leave and superannuation) when the doors shut. While the typically still wealthy owners hide behind the limited liability of their company, the workers pay a cost they can ill afford. A failed company that meets its obligations to its employees will be admired for "giving it a go".

[inopinatus]

Business is not a public service. Limiting liability is essential to fostering entrepreneurship.