Why Covid-19 in Victoria is rife stimulus is not going to individual survival and anxiety is contagious. Universal benefit not companty benefits are required, (ODT)
Key points:
- When economic conditions are relatively favourable, the number of businesses going into administration is about 8,000 a year
- Despite the COVID crisis, the latest number of businesses folding is below that, raising fears that stimulus measures may be keeping zombie businesses afloat
- There are calls for regulators to be given greater funding to go after companies that may be trading while insolvent
