11–20 of 111 posts
This process may seem ugly, but just like biological death is necessary for an ecosystem, this sort of death/restructuring is essential for capitalist economies. Assets and capital get reallocated to better uses. It's all part of the circle of life.
Sure.
This process may seem ugly, but just like biological death is necessary for an ecosystem, this sort of death/restructuring is essential for capitalist economies. Assets and capital get reallocated to better uses. It's all part of the circle of life.
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Too bad. Capitalism working as it should and no last minute government bailouts for failing companies. The market should decide and determines winners and losers, not the government. So compete.
can't help but think of the deadweight loss to the US over lack of free market capitalism in terms of bailouts, price supports & subsidies, monopolies, etc. every day we stray further and further from this system we purport to have. edit: do folks not think more competition would be better for consumers? i'm no stan of capitalism but surely it could be made better, sheesh.
This process may seem ugly, but just like biological death is necessary for an ecosystem, this sort of death/restructuring is essential for capitalist economies. Assets and capital get reallocated to better uses. It's all part of the circle of life.
In this case, the bankcruptcy was handled by cancelling all flights with 1 day of notice. This level of ugliness is not necessary.
Too bad. Capitalism working as it should and no last minute government bailouts for failing companies. The market should decide and determines winners and losers, not the government. So compete.
That being said, I suspect many people had never heard about Lehman Brothers before 2008...
> Winding Down > To our Guests: all flights have been cancelled, and customer service is no longer available That seems quite a bit stronger than “winding down”!