Social Darwinism For Business Is Good

This article reviews a claim made by researcher from the Booth School of Business at the University of Chicago. They claim that corporate debt is good for the economy. Weak businesses will fail because of debt while the strong survive and the sooner they fail, the faster resources can be shifted to more productive activities. In other words, Social Darwinism is great for the economy. We should have let the US auto industry fail according to this ideology.