> This isn't how a stable society should be set up
and why not? antifragile systems gain stability as they endure shocks. why not cyclically generate then destroy business? makes it easier to funnel resources to the top, because only the biggest - i.e., the most moneyed, hence the most liquid, hence best reactive to risk, hence most stable - firms can survive.
you may not like it morally, but two centuries of corporate history leave little to gainsay empirically about this notion.
and why not? antifragile systems gain stability as they endure shocks. why not cyclically generate then destroy business? makes it easier to funnel resources to the top, because only the biggest - i.e., the most moneyed, hence the most liquid, hence best reactive to risk, hence most stable - firms can survive.
you may not like it morally, but two centuries of corporate history leave little to gainsay empirically about this notion.