Re:How vulture capitalists ate Toys 'R' Us
by dnautics on Monday April 23, 2018 @12:40PM
(#16905024)
That's a really presumptuous position that employment at all cost is a positive for society and essentially is the fallacy of the seen and the unseen.
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What costs? Many companies slowly wind down, selling off assets and laying people off as individual pieces stop being profitable.
The hypothetical buggy whip manufacturer sometimes survive at 1/100th the size and or grow in other directions.