> You can balk at the morality and decency of this and I'd agree with you
Why would you agree? A business is people voluntarily getting together trying to make money. If it fails to do so, why should other people have to step in and pay?
My understanding is that there are a lot of very similar economic systems. There are pros and cons to each of these systems. I don't believe one system or government as truly figured it out.
Folks on HN and reddit like to use other systems as a better system, but they always have some subjective negatives that are pushed aside.
Why would you agree? A business is people voluntarily getting together trying to make money. If it fails to do so, why should other people have to step in and pay?