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They aren't, and I'm sick of being told they are (lemmy.world)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 11 months ago

It's not just that. You want businesses to be able to fail if they are being run poorly. That's something that's a lot harder with government agencies, state owned enterprises, and large companies.

government agencies: People rely on them by design. You can't simply shut down the health care or welfare system because it's being run poorly or corruptly.
state owned enterprises: There is pressure from the ruling class to keep even inefficiently run or corrupt SOE going because they provide jobs and patronage.
large companies: They become systemically important. The loss of a single large business can cascade through the economy. See: Lehman Brothers or the big auto companies during the 2008 crash.