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Vierkaesehoch
Ocean Coast, Maine, USA
Apr 2020
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Receivership, administration, bankruptcy, and so on.

Another hidden upside of C-19, is reconsideration of financial realities. And evolution. Jobs, employment, the stock markets, deficits, taxation, and even the threat to the usually secure money market funds. Many firms are failing, and some governments, with the best of liberal intentions, are throwing good money after bad. In these legal processes, after lower level creditors are sent packing, the higher ones (read bankers), inherit the mess, and often assign a management team to "reorganize", which is the root of another name for the work. What may then emerge is a leaner and meaner company, often much more successful than the failed one ever could become. But the losers often just piss the government money away, sooner or later to fail anyway. Marx and Engels would be rolling in their graves. But not Adam Smith. Socialism/communism---great plans, until other people's money runs out.
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Vierkaesehochonline today!

Vierkaesehoch

Ocean Coast, Maine, USA

Retired, but busy. Years left to enjoy. Handy, curious, multilingual (German, French, Spanish, learning Portuguese). Love animals. Live on a salt water ocean bay just south of Canada. Angling off the rocky beach. Mussels. Watching the oceans reclaim [read more]

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by Vierkaesehoch
created Apr 2020
in Business Blogs
361 Views
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Last Viewed: Apr 20
Last Edited: Apr 2020
Vierkaesehoch has 682 other Blogs

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