If America's high tech companies declare Chapter Eleven, high tech companies on foreign nations will replace them in the global marketplace. If foreign high tech companies replace them, America will lose its technological lead. The bedrock precondition of a free economy, hence a wealthy nation, hence a strong national defense, is the sanctity of private property. Private property makes possible private enterprise. Private enterprise make possible immense wealth.
Immense wealth makes possible America's superpower status.
Advanced military weaponry is immensely costly. No private property means no private enterprise, means no immense wealth, means no superpower status. The former Soviet Union learned this lesson the hard way. The former Soviet Union is now a former superpower. This is merely one of many reasons why the threshold for government abrogation of private property rights must be set extremely high.