People forget that the skilled workers, intellectual property, plants, etc will continue to exist. What goes away is the jobs of some execs and some shareholder value, but new jobs and new shareholder value are created from the useful bits that remain.
The priority seems to be keeping firms solvent in spite of horrible stupidity and decades of rent seeking behavior.
This isn't capitalism it's a game that lets the powerful win over and over again. True capitalism has firm failure and creative destruction.
The priority seems to be keeping firms solvent in spite of horrible stupidity and decades of rent seeking behavior.
This isn't capitalism it's a game that lets the powerful win over and over again. True capitalism has firm failure and creative destruction.