if your business requires government funding in order to function, your business should be a government agency instead of a business
this post was submitted on 01 Aug 2024
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Capitalism in on itself isn't bad, it can be the most efficient system for everyone to grow.
However
You need to have a solid set or rules in place that makes it work well for everyone. No monopolies, for (a simple) example, bit also if a small company does, there is bankruptcy, the the same needs to apply for a mega corporation. If a corporation is too big to fail, and require bail out then at least sack and replace the entire C suite, and upper management, no golden parachutes, no bonuses. Hell, if the company is so important that govt need to step in with billions, hold C suit personally responsible. If I fucked up and my company goed bankrupt, I can lose my house, why should a CEO get a bonus for doing the same thing but 100.000 times bigger and worse?
What's stopping the government from buying boeing for pennies once it's bankrupt?
Mostly this:
Our national motto really should be "profit over people."
Nationalise it if it’s too big to fail but can no longer operate as a public company.
Communism! Muh free market!
Alright, then the market is free to let Boeing fail
The only reason i would keep them alive is to not cost all the shopfloor their jobs. Can all the executives though
Unfortunately, as someone screwed over by the Recession, I can assure you that that's not how it works. The executives get bonuses that they can use to buy up investments for cheap and everyone else gets pink slips.
Locally you can usually find places that help low-income people learn to budget their money.
Privatize the profits and socialize the losses.
Fuck Boeing and Jim Cramer, especially.
Can't believe that hack still has a show.
With everything I know about Jim Cramer, that means Boeing is doing great and I should probably invest in it now
Maybe boeing needs to die so it can be replaced with something that does a better job.
True. Airbus has had problems in the past and they fixed them without avoiding them.
I guess it's time for them to break up the company and sell to others who can pick up the reins and rebuild. They made this bed. The shareholders have made their money for years and years at a cost of human lives as seen time and time again. The shareholders could always pay back the formerly ever increasing dividends they have reaped over the past 10 years if they want to bail out the company they own.
No more taxpayer bailouts for the ownership class.
Structured bankruptcy is not the cataclysmic event CEOs and major shareholders want you to believe.
I know a startup that declared bankruptcy and "sold" to another organization... owned by the startup holders... to avoid paying debt.
It's all a game to take more money out of taxpayers.
Yeah that's called phoenixing and is very illegal.
lol so is insider trading. Still happens all the time.
I'm not advocating for doing illegal things, but I will say that way more people and organizations are doing it and getting away with it than are caught.
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