Re:Toys 'R' Us Founder Charles Lazarus Dies at 94
by asmithmd1 on Friday March 23, 2018 @11:26AM
(#16659078)
You are probably right about drive-ins, and if I like them so much I should create a non-profit, co-op one.
I completely agree non-viable businesses should fail just like we let insolvent banks and automakers...well those were an exception.
It comes down to what our core beliefs are as a society. If we want to maximize private profit, why aren't there slot machines and cigarette vending machines at every bus stop? Toys-R-Us was a viable business that was destroyed for a relatively small profit - should that behavior be: illegal, discouraged by taxes, or encouraged with government backed loans? Those are the kinds of questions we could be asking. Our current regulatory environment is not the same as what it was in the past or what it will be in the future.
I completely agree non-viable businesses should fail just like we let insolvent banks and automakers...well those were an exception.
It comes down to what our core beliefs are as a society. If we want to maximize private profit, why aren't there slot machines and cigarette vending machines at every bus stop? Toys-R-Us was a viable business that was destroyed for a relatively small profit - should that behavior be: illegal, discouraged by taxes, or encouraged with government backed loans? Those are the kinds of questions we could be asking. Our current regulatory environment is not the same as what it was in the past or what it will be in the future.