Re:Most airlines face bankruptcy by end of May, industry bod...
by olivermarks on Monday March 16, 2020 @12:54PM
(#22594461)
All successful businesses provide value to succeed and survive, that's a given. The problem is that ever since the 80's junk bond era corrupt business people take over companies to load them with debt and extract financial assets.
[ Parent
| on HN ]
Re:Most airlines face bankruptcy by end of May, industry bod...
by xaxsacsdaffbnk on Monday March 16, 2020 @02:23PM
(#22595670)
And how does that supposedly work? Why do shareholders go along with it?
And what is stopping people from creating businesses that don't do that?
It sounds much like a conspiracy theory to me. The mysterious world of finance that everybody just know to be evil.
I don't doubt that shady things happen. But there has to be a better explanation than "evil businessmen extract value". And how is it "extracting", when people get actual services in return? If I buy an apple at a supermarket, has the supermarket extracted money from me?