solarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 4 days agoThames Water seeks court approval for emergency cashwww.bbc.co.ukexternal-linkmessage-square9fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkThames Water seeks court approval for emergency cashwww.bbc.co.uksolarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 4 days agomessage-square9fedilink
minus-squareTheGrandNagus@lemmy.worldlinkfedilinkEnglisharrow-up0·4 days agoLet it run out. Businesses should be allowed to fail. That’s capitalism. If the state want to buy the assets for a bargain price, so much the better.
minus-squared00ery@lemmy.worldlinkfedilinkEnglisharrow-up0·4 days agoYep, how can the benefits of competition and reward play out if there’s no punishment for failure.
minus-squareDenjin@lemmings.worldlinkfedilinkEnglisharrow-up0·edit-23 days agoThey didn’t even fail, the company was intentionally brought to the edge of bankruptcy by taking out huge loans it could never hope to repay so they could fund bigger dividends. Then the people responsible got nice big payouts as they walked away.
minus-squareᴇᴍᴘᴇʀᴏʀ 帝@feddit.uklinkfedilinkEnglisharrow-up0·3 days agoCapitalism for the poor, Communism for the rich.
Let it run out. Businesses should be allowed to fail. That’s capitalism.
If the state want to buy the assets for a bargain price, so much the better.
Yep, how can the benefits of competition and reward play out if there’s no punishment for failure.
They didn’t even fail, the company was intentionally brought to the edge of bankruptcy by taking out huge loans it could never hope to repay so they could fund bigger dividends. Then the people responsible got nice big payouts as they walked away.
Capitalism for the poor, Communism for the rich.