Viewing a single comment thread. View all comments

[deleted] t1_j24ntxe wrote

Tech is fine. Old companies fail and new ones rise up to take their place. That's actually the sign of a healthy economy. What unhealthy is constant bailouts and easy money proping up zombie companies.

220

zwingo t1_j24vclb wrote

Especially when those companies receiving taxpayers money for a bailout have executives who put them in the shit, who still walk away with a multi million dollar wage on top of a multi million dollar signing bonus. They scream they need help, “oh god what about the jobs if we can’t financially recover” they scream, without ever considering the executives and leaders could easily take a pay cut and be fine.

45

Which-Moment-6544 t1_j2900bm wrote

-GM enters the Chat-

Back in late 2008 I was working as a line worker in my 2nd year as a temporary worker. I was laid off during the crash, and 6 months later I received a letter that I no longer had a job with General Motors. I read in the paper a few months later about the plant I worked at being bulldozed.

Just like that, thousands of good paying jobs were destroyed even though the corporation was given government money to remedy the problem.

As for our CEOs? Well they couldn't be reached at their yachts and private mansions for comment. I started looking at Unions, Corporations, and the Government with a pretty dirty look after those years.

2

HolyAndOblivious t1_j265y7d wrote

And the Same companies start moderating content as told by the goverment

−7

Im_a_seaturtle t1_j258z8m wrote

Airlines cough cough

12

pichiquito t1_j25z29u wrote

Airlines, banks, energy companies, automobile manufacturers, airplane manufacturers, factory farms, cough cough

17

whiterice82 t1_j28s5rl wrote

Do you have an example of an energy company bailout? I remember negative oil and no associated bailout….

0