Comment by ipython

3 days ago

In that case, would the people caught unemployed and with upside down loans in the 2008 financial crisis would have a reasonable argument for "force majeure" to cancel their mortgages? ... After all, they had a reasonable expectation that the economy would continue to support their employment, either with their current employer or by finding a new job that paid just as well?

at some point the phrases loses its meaning if it becomes applicable to pretty much anything.

5 comments

ipython

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twoodfin  3 days ago

Cancel their mortgages and keep their houses?

I don’t think Oracle is proposing they get a data center they didn’t finish paying for.

tiffanyh  3 days ago

In your example, governments we not enacting new regulation that banned you from getting a new job.

In this situation, governments are now enacting new regulation that ban companies like Oracle from building new data centers.

  • deknos  3 days ago

    No, but the economic situation is banning you from getting a job, which is even more powerful than the government, especially when the government does not support a rising economy which will create jobs, people can build wealth with.

    so the argument is even stronger than for oracle.