Public institutions are subject to mandate. You can boycott a company but the shareholders are sovereign. But private corporations are immune to public control short of following the law.
A public goverment isn’t really allowed to bankrupt or fail to exist. The theory under why companies are okay to die is that nobdys life or death is tied to it. Especially for limited liabity even people most invested in will be at worse poor.
If a public institution misbehaves the responciblity of correcting it can be traced back to the will of the people. Staying true to the authority is an okay excuse to make losses etc. If you make a profict but violate policy in the public side of things you are out while in private you might still be in business.
Public institutions are subject to mandate. You can boycott a company but the shareholders are sovereign. But private corporations are immune to public control short of following the law.
A public goverment isn’t really allowed to bankrupt or fail to exist. The theory under why companies are okay to die is that nobdys life or death is tied to it. Especially for limited liabity even people most invested in will be at worse poor.
If a public institution misbehaves the responciblity of correcting it can be traced back to the will of the people. Staying true to the authority is an okay excuse to make losses etc. If you make a profict but violate policy in the public side of things you are out while in private you might still be in business.