@[email protected] to United [email protected]English • 1 month agoThames Water seeks court approval for emergency cashwww.bbc.co.ukexternal-linkmessage-square10fedilinkarrow-up125arrow-down11
arrow-up124arrow-down1external-linkThames Water seeks court approval for emergency cashwww.bbc.co.uk@[email protected] to United [email protected]English • 1 month agomessage-square10fedilink
minus-square@TheGrandNaguslinkEnglish29•edit-21 month 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. We’ll be thankful for it in the long run.
minus-square@d00erylinkEnglish10•1 month agoYep, how can the benefits of competition and reward play out if there’s no punishment for failure.
minus-squareᴇᴍᴘᴇʀᴏʀ 帝linkfedilinkEnglish9•1 month agoCapitalism for the poor, Communism for the rich.
minus-square@[email protected]linkfedilinkEnglish3•edit-21 month 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-square@d00erylinkEnglish1•1 month agoYes, and lots of bonuses for c-suite I’m sure. I was pretending that water supply/treamtment is not a monopoly and that under the free market businesses will provide the best service to customers whilst ensuring the business is sustainable. https://www.independent.co.uk/business/thames-water-dividend-payouts-in-spotlight-after-shareholders-pull-funding-b2520053.html
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. We’ll be thankful for it in the long run.
Yep, how can the benefits of competition and reward play out if there’s no punishment for failure.
Capitalism for the poor, Communism for the rich.
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.
Yes, and lots of bonuses for c-suite I’m sure.
I was pretending that water supply/treamtment is not a monopoly and that under the free market businesses will provide the best service to customers whilst ensuring the business is sustainable. https://www.independent.co.uk/business/thames-water-dividend-payouts-in-spotlight-after-shareholders-pull-funding-b2520053.html