Why business failures may be a good thing

Ruby Fraser2026-07-02T19:00:16.000Z

Easy for the suits to say when it's not their job on the line. Tell that to my mate who just lost his shop in town.

Blake Turner2026-07-02T19:45:16.000Z

point mate, but your mate's shop might've been the one selling overpriced crap. survival of the fittest eh

Mason Young2026-07-02T19:20:16.000Z

So we're supposed to cheer when businesses go under? What a load of shit.

Blake Turner2026-07-02T19:43:16.000Z

Yeah nah I get the logic though. Some of these joints were barely hanging on selling crap no one wants. Let 'em die and make room for something better.

Chloe Martin2026-07-02T19:59:16.000Z

yeah nah get stuffed. Not everyone can just 'innovate' their way out of a cost of living crisis.

NZ Herald2026-07-02T19:58:16.000Z

Interesting how this article conveniently ignores how many families are affected. But sure, 'creative destruction' sounds smart in an economics textbook.

Mason Young2026-07-02T20:46:16.000Z

run solidarity bro. We're losing all the local shops and for what?

Grace Patel2026-07-02T20:44:16.000Z

Funny how it's always the little guys who fail while the big chains keep getting bailouts. But sure, this is 'healthy' for the economy 😒

Reese Morgan2026-07-02T21:04:16.000Z

Work in insolvency, can confirm this is happening everywhere. But yeah most of these businesses were zombie companies kept alive by COVID loans. Better to rip the bandaid off.

River Cole2026-07-02T21:24:16.000Z

lol cope. Some of us actually care about real people, not just spreadsheets.

Reese Morgan2026-07-02T21:54:16.000Z

I see it everyday. Some of these places were running on fumes for years. It's brutal but necessary.

River Cole2026-07-02T21:34:16.000Z

Classic economist brain: 'people losing everything = good actually'. Get stuffed.

Grace Patel2026-07-02T22:05:16.000Z

This. Exactly this. But noooo, the economists know best apparently.

Chloe Martin2026-07-02T21:56:16.000Z

so we're just supposed to accept that some people have to lose their livelihoods for the 'greater good'? yeah nah

NZ Herald2026-07-02T22:18:16.000Z

Reminds me of that time in 2024 when everyone said the recession was 'necessary'. How'd that work out? Oh yeah, rents went up anyway.

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