Does $MCD going bankrupt from this event pass your smell tests? It'll be trading for solid bankruptcy odds soon.
If not, really think through the possibility of a government bailout.
Show this thread
-
Another framing: Most people seem okay with bailing out the mom-n-pop diner. But many
$MCD franchisees are just mom-n-pops, too. Bail them out and you're bailing out MCD, right? How is it capitalism that MCD gets a bailout but corporate owners don't?Show this thread
I think the answer is basically don’t bail out the mom and pop diner either. Sorry but you started a business. That comes with the chance for excess returns and the risk of bankruptcy. It’s not like a quasar to another dimension destroyed all restaurants. This has happened b4.
-
-
I see capitalism as a tool for making the world work better, rather than to followed perfectly through a crisis. Maybe a good litmus test is, "Can this event be insured for?" In this case, all insurance companies int he world combined couldn't do it.
-
Same. Some companies will have business interruption insurance that will cover this. In any case, bailing out everyone of going to bankruptcy may be a worse cure than the disease.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.