On eve of bankruptcy, U.S. firms shower execs with bonuses – Reuters

By | July 17, 2020

Source: On eve of bankruptcy, U.S. firms shower execs with bonuses – Reuters

Every time there’s a hiccup now, the government slathers a bunch of money all over all the current-crony companies, when the entire point of a corporation was to bear the risk of the market to reap the rewards of the profit. (Which they then hide in offshored shell companies.) Companies are running this country. We have a corporatocracy. Or maybe just a plain old plutocracy. The older I get, the more this sort of thing makes me nauseous. Let these companies fail, and give smaller companies a chance to get their foot in the door to take up the slack. No matter how much of a fan you may be of capitalism, you have to admit that the “market” is completely broken. Whatever it is we have at this point, it is NOT capitalism.

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