solarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 2 天前Thames Water seeks court approval for emergency cashwww.bbc.co.ukexternal-linkmessage-square10fedilinkarrow-up126arrow-down11
arrow-up125arrow-down1external-linkThames Water seeks court approval for emergency cashwww.bbc.co.uksolarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 2 天前message-square10fedilink
minus-squareTheGrandNagus@lemmy.worldlinkfedilinkEnglisharrow-up30·edit-22 天前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.
minus-squared00ery@lemmy.worldlinkfedilinkEnglisharrow-up10·2 天前Yep, how can the benefits of competition and reward play out if there’s no punishment for failure.
minus-squareDenjin@lemmings.worldlinkfedilinkEnglisharrow-up3·edit-22 天前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.
minus-squared00ery@lemmy.worldlinkfedilinkEnglisharrow-up1·2 天前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
minus-squareᴇᴍᴘᴇʀᴏʀ 帝@feddit.uklinkfedilinkEnglisharrow-up9arrow-down1·2 天前Capitalism 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.