Gavin
1 min readFeb 17, 2021

You're article is spot on.

It's unfortunate we don't let free markets play out - whether for good or bad. If we did, we'd reduce inequality and have a reasonable predictable system instead of this franken-system we're living with now.

Instead, we bail out bad actors who've taken excessive risk and put poorly run companies on life support instead of letting them fail.

This results in squeezing out new companies that would have been born.

If the 2000 tech crash didn't happen and governments instead choose to bail out many of those companies (Tech is the future! Jobs will be lost! Life might be difficult!), I believe we'd never have seen the likes of Google, FB, Amazon.

The recession that followed forced them to double-down on creating value and not simply pumping a stock price.

Great things are often born out of difficulties but we don't believe anyone (in particular the rich) should have to face difficulties.

Gavin
Gavin

Written by Gavin

Builder & Problem Solver working as a Tech Product Manager with Big Data & IoT Products

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