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The Spider’s Thread

The Spider’s Thread Background I recalled one story “The Spider’s Thread” by Ryūnosuke Akutagawa. https://en.wikipedia.org/wiki/The_Spider's_Thread This story tells us about to save only his/herself is bad things. My idea This story can apply everything in our minds. Developed countries have/had tried to save only own countries. Developed countries provided fake help to developing countries for maintaining advanced position. In 21st century, the way is no use. Now, Global South appears.  
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Chapter 11 Bankruptcy Basics

Chapter 11 Bankruptcy Basics

Chapter 11 Bankruptcy Basics


Background
Chapter 11 - Bankruptcy Basics
https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics
I searched about US Chapter 11.

US Chapter 11’s good points

There are some good points of US Chapter 11.
(1)Speed up Reorganization
If almost bankruptcy company provides essential things or services, the company will raise their prices.
Because the company makes up for losses.
It causes the social cost higher.
(2)Prevent excessive repayments
US Chapter 11 can prevent excessive repayments.
In Japan, if someone borrow money from a bank, he/she will need a personal guarantee.
It causes to discourage entrepreneurs.
(3)Visible processes and goals
I heard that 99% of new companies will bankrupt.
We tend to focus on rest 1%, but 99% is bigger than 1%.
With the establishment of bankruptcy laws, the processes and goals will be visible.

Conclusion

US Chapter 11 is good law.
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Location: 日本、東京都

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