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United Kingdom @feddit.uk solarpunkandrobots @feddit.uk 7d ago

Thames Water seeks court approval for emergency cash

www.bbc.co.uk Thames Water seeks court approval for emergency cash

Thames Water is hoping to secure an emergency cash injection or face runing out of money in weeks.

Thames Water seeks court approval for emergency cash

10 comments

Let it run out. Businesses should be allowed to fail. That's capitalism.

If the state want to buy the assets for a bargain price, so much the better. We'll be thankful for it in the long run.
- Yep, how can the benefits of competition and reward play out if there's no punishment for failure.
  
  Capitalism for the poor, Communism for the rich.
  
  They didn't even fail, the company was intentionally brought to the edge of bankruptcy by taking out huge loans it could never hope to repay so they could fund bigger dividends. Then the people responsible got nice big payouts as they walked away.
Let them go bankrupt, then nationalise them
- This. Exactly.
Really love how they never consider cutting their board's pay.
Need to top up their executives' pay somehow.
How about they clawback some of the fat dividends they’ve been paying out?

10 comments