It doesn’t mean companies are free to just lose money. It means they can take risks and not just milk immediate profits for stock gains.
> It means they can take risks and not just milk immediate profits for stock gains.
Given how many US companies do the same and how many companies are heavily protected in Europe I fail to see this as sufficient explanation.
Sufficiently large companies are required to have a certain percent of their staff be CCP members making decisions. That also comes with money tied up in the company. That doesn’t mean every company is backed up by the government. You’re making wild straw men and getting enraged at your own argument.
And also that doesn't explain why so many initially small companies end up being successful.