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.
Comment on Thames Water seeks court approval for emergency cash
d00ery@lemmy.world 1 day agoYep, how can the benefits of competition and reward play out if there’s no punishment for failure.
Denjin@lemmings.world 1 day ago
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…
Emperor@feddit.uk 1 day ago
Capitalism for the poor, Communism for the rich.