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>> In a chapter 11 bankruptcy, capital is lost while wages remain protected. > Depending on the jurisdiction, Cutting through the unnecessary explanation, it
by throwaway09223 5y ago
>> In a chapter 11 bankruptcy, capital is lost while wages remain protected.
> Depending on the jurisdiction,
Cutting through the unnecessary explanation, it appears you agree with me. In general, sometimes capital operates a wage paying business without providing a return to investors.
This point is observably true (otherwise a market wouldn't have losers) and I don't think you need to respond to it further.
- ABCLAW 5y agoI don't agree with you at all, for the reasons I've set out. If you stopped reading after hearing that super priorities exist, and believed that their existence was proof that labour regularly defrauds capital, you'd have very much not understood anything. Honestly, almost all of your posts here feel like they're exercises in ignoring content. I'm done.