Re:Busted retailers use bankruptcy to break leases by the th...
by PaulDavisThe1st on Thursday August 06, 2020 @08:46PM
(#24076885)
The rich may indeed deserve to lose everything ... or not, depending on your perspective.
But what's equally important is ... if they are going to lose everything, how much of the social, economic and political infrastructure do they destroy on the way down?
It may well be that the era of the mall is over, for example. But malls crashing and burning as the mortgages associated with them fail is very different than a slower process in which there is time to think about repurposing and to give those directly affected to contemplate their options.
But what's equally important is ... if they are going to lose everything, how much of the social, economic and political infrastructure do they destroy on the way down?
It may well be that the era of the mall is over, for example. But malls crashing and burning as the mortgages associated with them fail is very different than a slower process in which there is time to think about repurposing and to give those directly affected to contemplate their options.