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The problem is less that they go bankrupt (although some do melt down their machines in that eventuality). The big problem is that they hang on for dear life for a while, trying to survive through cutting costs by cutting corners. There's no company more risk loving and short-termist than a company trying to paper over an insolvency.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Feb 17th, 2012 at 04:34:34 AM EST
[ Parent ]
Hardly an overbearing problem. A little friction is to be expected in an economy based on creative destruction. The upside of the managed capitalist system is worth this little downside, by a very wide margin.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Feb 17th, 2012 at 05:40:18 AM EST
[ Parent ]

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