Comment on Thames Water seeks court approval for emergency cash
TheGrandNagus@lemmy.world 2 days ago
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.
d00ery@lemmy.world 1 day ago
Yep, how can the benefits of competition and reward play out if there’s no punishment for failure.
Emperor@feddit.uk 1 day ago
Capitalism for the poor, Communism for the rich.
Denjin@lemmings.world 1 day ago
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.
d00ery@lemmy.world 1 day ago
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. independent.co.uk/…/thames-water-dividend-payouts…