Too bad. Capitalism working as it should and no last minute government bailouts for failing companies.
The market should decide and determines winners and losers, not the government.
So compete.
The market should decide and determines winners and losers, not the government.
So compete.
That being said, I suspect many people had never heard about Lehman Brothers before 2008...
Again, working as intended. There should be no free lunch or bailouts for incompetent work.
The people being punished are the workers and the consumers.
If the board is unable to bring their house in order, the state should fire them, not let their incompetence ruin the lives of the working class.
I agree with GP that this is "capitalism working as it should", e.g. inflicting cruelty on working people while funnelling more wealth upwards. I disagree with the assessment of that being a good thing.
I see this trope often. Citation needed!
> If the board is unable to bring their house in order, the state should fire them, not let their incompetence ruin the lives of the working class.
Oh no please! Last thing I want is letting Donald Trump (or AOC if you are a right-winger) decide which board to fire based on their whims about a company.
> I disagree with the assessment of that being a good thing.
What you are suggesting is much worse.
edit: do folks not think more competition would be better for consumers? i'm no stan of capitalism but surely it could be made better, sheesh.