After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down
After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
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Seems like the fucking government shouldn't be bailing out corporations with our tax money to begin with.
If a business is too big to fail but is failing anyways, nationalize it.
If a business is too big to fail, the FTC wasn't doing its job (i.e., enforcing antitrust law) to begin with.
They haven't been doing their job for decades now. It must actually be kinda awesome working there. Your entire job is just to LOOK busy but never actually do anything. Man, I could read a ton of books, do some hobby coding, plan some really need landscaping projects, OOOOO man I could do so much! Maybe I should apply for a job there. Here would be my interview:
What are your qualifications for this job? Absolutely none. I will be terrible at this job. You're hired!
This has changed with the current admiration, Biden has brought in a trust busting menace- Lina Khan author of Amazon's Antitrust Paradox. Progress is being made.
I hope she can do something with the rumored amazon breakup. I was disappointed in the Microsoft Activision approval though ... so who knows.
Oh man I wish more people thought like that! Too Big to Fail = Too Big to Exist.
If a business is failing it should be allowed to fail, full stop. Economics is Darwinian.