Re:I'm a Frito-Lay Factory Worker. I Work 12-Hour Days, 7 Da...
by Hokusai on Sunday July 18, 2021 @06:18AM
(#27871864)
> it is seen as a deep flaw over here and it can haunt you for a long time
When a company goes bankrupt it can bring down with it smaller providers and self employed workers. If you only lose venture capital, that is not so bad as it is part of the risk/reward. Why anyone would like to do business with an entrepreneur that uses bankruptcy to move on? I guess that in-advance payments could be a solution.
Bankruptcy is a last resort mechanism. It makes sense to let people move on when, without bad intention, they just failed a business. To make mistakes is human. But to abuse the privilege betting in high risk business and letting others pay for it seems immoral and not long-term sustainable for the economy.
When a company goes bankrupt it can bring down with it smaller providers and self employed workers. If you only lose venture capital, that is not so bad as it is part of the risk/reward. Why anyone would like to do business with an entrepreneur that uses bankruptcy to move on? I guess that in-advance payments could be a solution.
Bankruptcy is a last resort mechanism. It makes sense to let people move on when, without bad intention, they just failed a business. To make mistakes is human. But to abuse the privilege betting in high risk business and letting others pay for it seems immoral and not long-term sustainable for the economy.