Earlier quoted context omitted.
I think actually liquidating isn't so bad. Now and again nature strikes down a giant and a lot of other creatures benefit from it. It's actually a bit odd that when we invented corporations we didn't have some sort of catastrophe mechanism in there just to shake hands up now and again. I think society would find ways to become more resilient if we lived with possible corporate sudden death.
> liquidating isn't so bad You're guaranteeing either consolidation in an already oligopolistic sector, or a recession from the output drop caused by an inexperienced operator learning to scale to a major. > we didn't have some sort of catastrophe mechanism We do. They're fines and license revocations. Companies that can't afford their fines go bankrupt. Government gets cash; the stakeholders' clean up the mess. "Cor…
The real challenge is how to regulate the death rate.