Post #3366979

RE: https://toot.cafe/@baldur/116788781091937730 Part of my hypothesis about various forever-losing-money business models is that the financial bailouts of U.S. banks and automakers after the 2008 financial crisis created a new business model—become too big to fail. If a company can become sufficiently load bearing, then allowing it's failure, and the economic blast radius thereof, becomes politically untenable, and the government will intervene to bail out shareholders. We saw echoes of this during COVID (in the U.S.) with the business continuity funding.