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by tedivm 1599 days ago
It's also not uncommon to purchase an existing company, move debt over to it, and then kill it off. Late stage capitalism is an interesting phenomenon.
2 comments

I wonder where the pitchforks are, by now.

https://www.politico.com/magazine/story/2014/06/the-pitchfor...

Things aren't quite bad enough yet. If the current trajectory persists, maybe in 15-20 years?
It seems kind of optimistic or naïve to call this late-stage capitalism. It can get a lot worse if you really unfetter the capitalist machinery.