If hibernating a small business is turning out to be impossible, there should be a way to do a soft-landing bankruptcy via a fast-track online court. Court discharges a fraction of the liabilities, terminates contracts, and lets owner look for alt life with a small starting stake
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This problem is only unsolvable if you want it to be version 1.0 of your glorious ideological revolution. If you treat it like a transient long crisis with more-than-palliative solutions that are open for dismantlement once it passes, more creative options become available.
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Covid recovery economic policy solution space is like Berlin in the last days of WW2. The Nazis were still a dangerous cornered threat, but already the B-plot. The A-plot was claiming turf for Cold War and grabbing as many German rocket scientists as possible.
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Here, the transient Covid pain management is already the B-plot. The A-plot is to claim maximal disaster capitalism turf.
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You're right about the utility of a solution like this, but as a bankruptcy nerd what you're suggesting is impossible for plenty of other reasons too. Most recent act was 2005, which didn't fix things and mostly broke things. All BK judges and att'ys agree but no one's done shit
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Like tax law, blunt solutions to BK law just make things worse. Good, nuanced solutions are too complex to fit through our broken system. I agree with you, but I'll never put money on us actually fixing this shit.
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I’m less familiar with the details of US politics but I’ve seen a deeply held bipartisan idea that people need to get into / keep jobs as the prime goal. Other ways of caring for people are discounted as inferior.
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