solarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 1 day agoThames Water seeks court approval for emergency cashwww.bbc.co.ukexternal-linkmessage-square10fedilinkarrow-up126
arrow-up126external-linkThames Water seeks court approval for emergency cashwww.bbc.co.uksolarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 1 day agomessage-square10fedilink
minus-squareTheGrandNagus@lemmy.worldlinkfedilinkEnglisharrow-up29·edit-21 day 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-squared00ery@lemmy.worldlinkfedilinkEnglisharrow-up10·1 day agoYep, how can the benefits of competition and reward play out if there’s no punishment for failure.
minus-squareDenjin@lemmings.worldlinkfedilinkEnglisharrow-up3·edit-215 hours 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-squared00ery@lemmy.worldlinkfedilinkEnglisharrow-up1·13 hours 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
minus-squareᴇᴍᴘᴇʀᴏʀ 帝@feddit.uklinkfedilinkEnglisharrow-up9·1 day agoCapitalism for the poor, Communism for the rich.
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.
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
Capitalism for the poor, Communism for the rich.