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Let businesses fail - its good for the UK economy
Jim Riley
5th February 2009
This short 40 second clip from the excellent BBC Working Lunch last week would make a superb starter piece for a classroom debate about business failure…
Theo the Dragon makes a simple point. Businesses fail - for various reasons. When they fail, their demand is picked up by competitors who then expand. A process of business evolution: the survival of the fittest.
Do students agree with this. Can a case for non-intervention be made using an argument such as this?