Without rule of law, a free press and democracy their are no checks to ensure the honesty of a bureaucracy or government. 2008 crisis Cause 1) deregulation of banking sector enacted by Bill Clinton 2) government backed lending to poor credit risks - NINJAS.
No the company has £400k of debt, which may cost £10k over 3 months. Your deal just went from making £100k to £90k. What happens if during the three months the new customer goes bankrupt?
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The company has no reason to go into debt. If the employees consider the transaction favorable, they’d just have a customer on credit. But what happens if the customer goes bankrupt under capitalism?
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Again, you have suppliers to pay. The suppliers may not be able to wait to be paid. They have suppliers and workers who need to be paid to.
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