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Re:On eve of bankruptcy, US firms shower executives with bon... by cinquemb on Saturday July 18, 2020 @02:00AM (#23879375)
> I mean, some things shouldn't fail.

This is just asking for rude awakenings. History is full of these kinds of events of where people thought things shouldn't fail, never prepared for them, and they did.

> I would have less qualms about all of this stuff with a strong social safety net, but we don't have that in the US.

No one lives in an environment where one can miss-allocate resources indefinitely or under assumptions that somethings can never change.

Re:On eve of bankruptcy, US firms shower executives with bon... by jolux on Saturday July 18, 2020 @02:37AM (#23879531)
> This is just asking for rude awakenings. History is full of these kinds of events of where people thought things shouldn't fail, never prepared for them, and they did.

When I say some things shouldn’t fail, I mean our collective ability to keep each other alive and well. Whatever business of the day can go fuck itself, I don’t care.

> No one lives in an environment where one can miss-allocate resources indefinitely or under assumptions that somethings can never change.

What assumptions are you talking about? I’m talking about welfare.

Re:On eve of bankruptcy, US firms shower executives with bon... by cinquemb on Saturday July 18, 2020 @02:54AM (#23879601)
> What assumptions are you talking about? I’m talking about welfare.

Welfare takes resources, takes people agreeing on what resources are acceptable for welfare and what is not, resources people have to produce and distrubute at some cost, takes people who may be better at managing such costs or inflating them to outsized proportions… any country that has deficits growing larger and larger every year can not continue to provide welfare indefinitely without making hard decisions that not all people will be ok with.

Some people may decide to leave for countries that are willing to make those hard decisions, rather than stay in those that want to punt on it until they face an analogous dynamic that Chinua Achebe has described pretty well.