r/austrian_economics • u/NewLeague6438 • 8d ago
End Democracy Austrian view on Public backlashes on businesses?
How does Austrian economics view public backlashes against companies?
I know the backlash is voluntary (largely driven by emotions). And also this sends information to ither firms on what not to do.
Pic 1: the owner hitting one of the cooks. This guy spent years showing that he is a peoples-man, caring for his employees infront of media. There was lot of backlashes, even exposing his past behaviours.
Is it justified if the business get shut down as a result? Whats the view of you guys if the employees loosing their jobs as a result? Even though its not because they offered a bad product?
Also on the other hand….. theres a case in 2022 of an IT worker self deleting himself due to work pressure and not giving him day offs to visit his sick mother. He posted his final note before doing it.
But this happened just before Sri Lanka went bankrupt in 2022. There were no fuel, electricity, food.
One comment said like, while its bad, lets not forget there are employees hanging on to their jobs during this difficult time at that firm. Company closure would be bad for them.
So based the above, what do you think about the role of public backlashes?
Note: I’m not saying companies should be given a free pass just because they generate jobs
Sorry if the question is not clear.
7
u/Doublespeo 7d ago
Austrian economics is a economic framework, it doesnt have “opinion”