Companies that go bankrupt are a danger to healthy competition. They are able to make their creditors and shareholders pay for their losses and bad m… - Erik Naggum

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Companies that go bankrupt are a danger to healthy competition. They are able to make their creditors and shareholders pay for their losses and bad management and then to start anew with assets that they essentially got for free, quite unlike the competition that has not gone bankrupt, who have to pay full price for their assets, but quite similar to how their customers have wanted their products, for too little money.

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About Erik Naggum

Erik Naggum (June 13, 1965 – June 17, 2009) was a Lisp programmer.

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