Idk what robustness is saving us from - if you’re big enough, you get bailed out. Amazon is clearly big enough now. There’s lots of bank competition but they still needed a bailout.
Re:The Amazon Empire Strikes Back
by paulryanrogers on Monday December 06, 2021 @10:58AM
(#29461291)
Banks didn't need a bailout. They needed to be allowed to fail. And restore the regulations that would've stopped them from overleveraging so much in the first place. (Or at least prosecute those knowingly involved in subprime mortgages.)
Bailouts from taxpayers aren't a sign of robustness either. They are a sign of fragile, easily bought government and large players dominating markets.
This isn't just about automation. It's also about vertical integration into one company. If all we care about is efficiency then why break up the railroad barons or company towns?
Because competition, despite some inefficiencies, makes for a more robust market. Also, we don't want our kids working in the mines.