The market will recreate those jobs as competitors rush in to fill the gaps left by J&J, including both employment and the value of their products.
By not destroying the company, you are giving all sufficiently large future companies carte blanche to break all the consumer protection laws they want, and you are rewarding investors for those companies. The long term moral hazard isn’t worth it; the investors and decision makers absolutely need to be wiped out.
By not destroying the company, you are giving all sufficiently large future companies carte blanche to break all the consumer protection laws they want, and you are rewarding investors for those companies. The long term moral hazard isn’t worth it; the investors and decision makers absolutely need to be wiped out.