Thames Water seeks court approval for emergency cash

Comments

• TheGrandNagus@lemmy.world ⁨3⁩ ⁨months⁩ ago

  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.

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  • d00ery@lemmy.world ⁨3⁩ ⁨months⁩ ago

    Yep, how can the benefits of competition and reward play out if there’s no punishment for failure.

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    • Emperor@feddit.uk ⁨3⁩ ⁨months⁩ ago

      Capitalism for the poor, Communism for the rich.

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    • Denjin@lemmings.world ⁨3⁩ ⁨months⁩ ago

      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.

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• chaos3361@lemmy.world ⁨3⁩ ⁨months⁩ ago

  Let them go bankrupt, then nationalise them

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  • tenebrisnox@feddit.uk ⁨3⁩ ⁨months⁩ ago

    This. Exactly.

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• StarlightDust@lemmy.blahaj.zone ⁨3⁩ ⁨months⁩ ago

  Really love how they never consider cutting their board’s pay.

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• Naich@lemmings.world ⁨3⁩ ⁨months⁩ ago

  Need to top up their executives’ pay somehow.

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• NigelFrobisher@aussie.zone ⁨3⁩ ⁨months⁩ ago

  How about they clawback some of the fat dividends they’ve been paying out?

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