Frankly, imagining our corporate overlords to be deluded in that way is giving them too much credit.
The business model of the billionaire caste for decades has been to buy a company, loot it of everything valuable, leave what’s left to collapse and go bankrupt, use the “losses” to write off their own taxes, use the profits to buy more companies, and repeat.
The billionaire caste doesn’t give a shit if companies they own go out of business and leave all their employees jobless. They plan on doing that anyway. AI just speeds it up.
Valid. I keep telling people that about Trump’s casino bankruptcies. It wasn’t bad business, it was deliberate. Loot the casino of every bit of profit, launder as much illegal cash as possible, stiff your creditors, file for bankruptcy, discharge all the debts, and rinse and repeat.
It wasn’t bad business, it was a successful business model.
Frankly, imagining our corporate overlords to be deluded in that way is giving them too much credit.
The business model of the billionaire caste for decades has been to buy a company, loot it of everything valuable, leave what’s left to collapse and go bankrupt, use the “losses” to write off their own taxes, use the profits to buy more companies, and repeat.
The billionaire caste doesn’t give a shit if companies they own go out of business and leave all their employees jobless. They plan on doing that anyway. AI just speeds it up.
Good ol’ leveraged buyouts. Favored by corps with “equity” or “capital” in their names.
Valid. I keep telling people that about Trump’s casino bankruptcies. It wasn’t bad business, it was deliberate. Loot the casino of every bit of profit, launder as much illegal cash as possible, stiff your creditors, file for bankruptcy, discharge all the debts, and rinse and repeat.
It wasn’t bad business, it was a successful business model.
For the only people that really matter in the World. Behind every great fortune is a great crime.