cross-posted from: https://lemmy.world/post/18200056
this post was submitted on 06 Aug 2024
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Also, even when it does work "like it should", it's not like the company is giving away free money to its workers and the community. That money is used to pay for goods or labour.
Or maybe it is given for free as a bonus, but if any is given to the grunts, I'd assume much more is given to the execs.
Businesses shouldn't be given bailouts. If the government is providing money to support a business that is "too big to fail" but incapable of keeping itself going, that money should be compensated with shares of the business that remain in public holdings. That should be what late stage capitalism looks like, not this "as business fail due to perpetual growth hitting a ceiling, whichever survives the longest gets to enshitify its market due to lack of viable competition and rent seeking, gets bought by someone else who thinks they can do better (often via tyranny), or just fails with current investors and employees left holding the bag. Or the government gives them free money instead of or in addition to this."
As an addition any company that's 'too big to fail is also to big to exist and needs to be broken up. Where thats not practicle then it needs to be nationalized and operated as a non-profit/crown corporation.