A bubble company like this is an event of staggering inefficiency, it sends huge amounts of very valuable resources (money, but also things like people&#x27;s careers, creativity, press attention) into a situation where they are ultimately squandered.<p>Asset bubbles can be like wars, they can waste the promise of an entire generation, never to be recovered.
Nobody wants to see a collapse for collapse&#x27;s sake, but there is quite a bit of social good in avoiding or deflating an asset bubble, be it in residential mortgages, late stage technology companies, or a 20 year old college student who was allowed to lose tens of millions of dollars of people&#x27;s pension money just because she happened to be born in the right neighborhood.