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> how would a Westerner react if they saw me romanticizing the Mondragon cooperatives in Spain? HN has had posts romanticizing them, maybe check those https:/
by BJones12 4mo ago
> how would a Westerner react if they saw me romanticizing the Mondragon cooperatives in Spain?
HN has had posts romanticizing them, maybe check those
https://news.ycombinator.com/item?id=32622140 https://news.ycombinator.com/item?id=32622140
https://news.ycombinator.com/item?id=41438060 https://news.ycombinator.com/item?id=41438060
> it created a massive 'zombie company' problem—a heavily discussed issue in Korea and Japan that the West seems largely blind to
Zombie companies in the west are mentioned as a low/ZIRP phenomena. But the west shouldn't have as big an issue with those because companies, when less diversified, get killed off more often by interest rate hikes.
- bobthepanda 4mo agoZombie companies exist in Europe; at least part of the euro crisis was exacerbated by the continuing cascade of bankruptcies making other banks insolvent. The EU’s crisis schemes like furloughing employees en masse dull the pain but also do prolong some companies’ lives. The US historically has had much more brutal impacts but quicker recoveries.
- jim33442 4mo agoAnd the US ZIRP zombie companies die at some point even without rate hikes