It's not. It shouldn't be "another issue" every single time we discuss a company having financial trouble, just because it's widespread.
> By your logic, you very quickly get to a Chinese level of state ownership of businesses. Practically every large cap company would be on that list.
Not really. Any company that's not a natural monopoly can go ahead and go bankrupt. Utilities and transit would be on the list. Banks could be on or off the list depending on how you handle them. Not much else would be on the list.