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In reply to the discussion: Post removed [View all]

Newest Reality

(12,712 posts)
8. Are they entitled...
Mon Mar 23, 2020, 03:34 PM
Mar 2020

Are they entitled to socialism and welfare because of their own failures to fortify their companies in the event of an emergency like this?

They appear to be overly vulnerable because of the way they have used their historically unprecedented profits. Perhaps they are counting on us, the taxpayers, to solve their problems in the event of a disaster and that encourages reckless fiscal behaviors?

Should we be enabling that? I realize that profit is the sole motivation and is required by law according to the corporate charter, but that does not give an excuse for poor management and incessant addiction to greed. If they have not girded their loins, it should not fall upon us, necessarily, to bail them out as a matter of course.

We are the consumers in the circle: Producer/provider/consumer. The question is, what is our collective place in this relationship? If we cannot generally consume even our necessities, what good will bailout after bailout, and on and no, do?

This is a broken system that is rearing its ugly head and needing some fixing, badly. The virus is just making that shockingly clear to us, the citizens/consumers.

Recommendations

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Post removed [View all] Post removed Mar 2020 OP
So what? stopbush Mar 2020 #1
If they are given money for a relief effort, they need to use it for that htuttle Mar 2020 #2
Any oxygen in there? gibraltar72 Mar 2020 #3
Social Programs Have All Kinds Of Onerous Clauses To Keep People "Off The Dole" jayfish Mar 2020 #4
No uponit7771 Mar 2020 #5
No, it's not the same... Wounded Bear Mar 2020 #6
Who cares? Boeing spent $43 billion buying back stock 2013-2019 hatrack Mar 2020 #7
Are they entitled... Newest Reality Mar 2020 #8
Jesus Fucking Christ Nature Man Mar 2020 #9
We've had a bull market for something like 12 years MLAA Mar 2020 #10
Companies can buy all the stocks they want with their OWN money, but not using at140 Mar 2020 #11
When they passed the big tax cut Turbineguy Mar 2020 #12
I'll go ahead and give them the $1200 Varaddem Mar 2020 #13
WTF is wrong with you? smirkymonkey Mar 2020 #14
Trickledown is more like trickled on. MoonlitKnight Mar 2020 #15
What's this about solar panels and fuel emmisions? Watchfoxheadexplodes Mar 2020 #16
It ain't savings, Your only buying more casino chips Under The Radar Mar 2020 #17
god I hate b.s. stillcool Mar 2020 #18
First, Your Premise Is Flawed ProfessorGAC Mar 2020 #19
They took massive profits for shareholders in lieu of prudent cash reserves greenjar_01 Mar 2020 #20
i would be satisfied if onethatcares Mar 2020 #21
When you are begging for a handout Chainfire Mar 2020 #22
So we are to consider stock buy-backs as a form of saving? Good. 3Hotdogs Mar 2020 #23
No, not really. Captain Stern Mar 2020 #24
No different than telling SNAP recipients they can't use their benefits to buy Twinkies. Midnight Writer Mar 2020 #25
Heck, if you trust him, even trump says he's against stock buybacks. Hoyt Mar 2020 #26
Wow, just wow. nt Ferrets are Cool Mar 2020 #27
It's the RB TexLa show!... SidDithers Mar 2020 #28
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