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TopicBusinesses need to learn to adapt and be sustainable, not get rich
UnsteadyOwl
05/26/23 9:40:15 AM
#26:


For the record, I don't blame the banks for the 2008 financial collapse. I blame a lack of proper regulation for not seeing the problem and doing something about it before it got as bad as it did.

We shouldn't expect private business to do anything but seek to maximize profit because that's their purpose. The folly is expecting that in the process they will naturally do what is optimal for society in general. It's the job of government to put proper guardrails in place and to enforce them.

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"It is possible to commit no mistakes and still lose. That is not a weakness. That is life."
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