Government Victims and Entreprenurial Failure: Two Types of Conoranvirus Bankruptcies
04/14/2020Per Bylund
In our present dire economic situation, lots of businesses are expected to go bankrupt. The question nobody seems to ask is, why do they fail? There are two issues at play here that are very different, have different causes, and should require different solutions.
The first is failure because businesses are prohibited from continuing operations, their customers are curfewed, etc. This is not an entrepreneurial failure, but one that has been imposed on these businesses. For these failures, the government is to blame. These businesses go bankrupt because they are simply not allowed to do business. But the goods are wanted and there are (presumably) customers willing and able to buy them.
https://mises.org/wire/government-victims-and-entreprenurial-failure-two-types-conoranvirus-bankruptcies
