[deleted]

Comments

• mookulator@mander.xyz ⁨1⁩ ⁨year⁩ ago

  This is what it takes to cool an economy. Better bankruptcies than widespread unemployment

  source

  • Mongostein@lemmy.ca ⁨1⁩ ⁨year⁩ ago

    It’s the smaller companies going bankrupt though, allowing even greater market share for the megacorps, which allows them to further enshittify the world.

    source
  • bookmeat@lemm.ee ⁨1⁩ ⁨year⁩ ago

    This is also how we get market consolidation, decreasing competition, and eventually increasing prices.

    source
• jeremy_sylvis@midwest.social ⁨1⁩ ⁨year⁩ ago

  I wonder how long we’ve got until mortgage defaults start piling up again. I seem to recall we’re already at absurd levels of default on consumer credit - adding corporate bankruptcy to the mix seems like we’ve seen another of the four horsemen.

  source
• ATQ@lemm.ee ⁨1⁩ ⁨year⁩ ago

  Is this a surprise? In challenging economic times we can have bailouts or bankruptcies. If we don’t want to privatize our gains and socialize our losses then bankruptcies it is.

  source