Like any tool, when properly used, it works just fine and does the job.
but lay off bankruptcy, it is simply a tool to recycle wealth back into the capitalistic system when businesses fail.
Like any tool, when properly used, it works just fine and does the job.
And when misused it provides the means to commit rape and murder. Capitalism involves the risk of capital. Letting the incompetent and corrupt off the hook does no one any good. If business owners want to profit from business, they must also risk loss. The same standard should apply to the management of corporations. The idea that a CEO can take home millions while making decisions that will screw others out of much more is a joke.