Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You shouldn't give critics a handle to argue "nonprofitable businesses should go bust" from a social darwinism/Austrianism/creative destruction angle.

Nobody makes that argument in Ireland - we're happy to have any business we can get and understand that all businesses, especially smaller ones or start-ups can go through rough patches where they might need support.

Perhaps this illustrates why IM was wrong to tar all irish political parties with the "neo-liberal" brush.  Some may think that that is the way the world works, at a global, macro-economic level, but few want it to work that way.

There is a lot of appreciation for people who put in a hard shift and want to make a go of their business, and almost no time for those who regard profits as an end in themselves.  The notion that, the higher the profits, the more tax you pay, is not therefore controversial at all/

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 11th, 2011 at 05:50:40 AM EST
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