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BHS’s collapse is sad—but the market forces that caused it should be celebrated

Companies must be allowed to fail

By Diego Zuluaga  

BHS cafe in Broadmead, Bristol, as the beleaguered high street chain collapsed into administration, putting 11,000 jobs at risk and threatening the closure of up to 164 stores. ©Ben Birchall/PA Wire/Press Association Images

When British Home Stores opened its first outlet in Brixton in 1928, the world was a different place. The UK’s economy was second only to that of the United States. Soviet…

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