‘We were sold off’: WeWork’s staff face uncertain future as company collapses

Re:‘We were sold off’: WeWork’s staff face uncertain future ... by soulofmischief on Friday November 22, 2019 @02:10PM (#21608881)

> I don't think any private company should have any interference by the Govt. BUT every founder/owner/CEO should think about their people first.

This amounts to an ideological viewpoint, however it doesn't map to reality. If the government doesn't step in, the worst of the worst will sift up to the top, and the most complacent will sift to the bottom. It's how things naturally fall into place.

Exploitative people in an unchecked market have an unmatched advantage. If you believe in real market competition, then pure capitalism cannot work because it stifles competition by creating unfair disadvantages for CEOs who think about their people, discouraging them from acting benevolently.

The problem is that you see the government as this authoritarian beast who must be kept in a cage for the safety of its people, when in reality a healthy government is its people. Government regulations in a free market are a result of the consumers who participate in the market wanting protection.

In the end, you either favor consumer protection or corporate protection. Which seems more moral to you?

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Re:‘We were sold off’: WeWork’s staff face uncertain future ... by flavmartins on Friday November 22, 2019 @05:09PM (#21610651)

> consumer protection or corporate protection

Pick one. Couldn't have said it better. This is what people ALWAYS have to remember. And as a reminder, the corporation will always take care of the corporation.

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Re:‘We were sold off’: WeWork’s staff face uncertain future ... by codegeek on Friday November 22, 2019 @05:16PM (#21610710)

I think it depends on the size and nature of the corporation. For a small bootstrapped private company (I run one), I always think about taking care of employees along with making a profit. For us, customers come second because I have the freedom to decide that (no outside board/investors to answer to). So I would say it depends. Corporation is not just about taking care of the corporation. There can be a middle ground even though I agree that a corporation is not a charity and the goal is obviously to make money. I personally don't believe in "Profits over people" even though I have the freedom to believe and act accordingly. perhaps once you get VC funding and the hockey stick growth pressure, all that goes outta the window ?

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