> A business that doesn't have cash flow for bad times is not a business. There was a time when business weren't leveraged to the max and the profit taking during good times was not squeezed to every cent. This could easily be fixed with regulation to promote this behavior but currently the priority is to take the profits to the owners.

This may be what we read about publicly traded firms, but small businesses are in a completely different category. For example, many of them, if they do not take loans to improve their offering, will lose customers to the competition.