Let me guess, all this is coming from people who have never run a company... When a normal, not “too big to fail”, company can’t pay its expenses/payroll the party is over for all its employees. Those Dutch “economists” follow the same playbook as the global warming “scientist”. They see what they want to see to support their larger agenda.
The article was written by a typical academic liberal Stanford professor who has never worked in the private sector and never had to manage a P&L.
The author is a typical liberal scolding by an ivory tower academic Obama-loving stooge with no real-world experience.