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>If a private company burns their own or their investors money thats on them and they’ll probably go bankrupt sooner or later. Sure, but sooner or later is qui
by thfuran 3y ago
>If a private company burns their own or their investors money thats on them and they’ll probably go bankrupt sooner or later.
Sure, but sooner or later is quite likely to be at least a few decades from now, since this is mostly a large organization sort of thing and large companies don't tend to vanish overnight.
- jq-r 3y agoThat might be true, although some companies pretty much vanish overnight be it small or large (eg Nokia). If a private company is burning money slow or fast it doesn't really matter. It's their money, it's not my money. But when I see spectacularly bad/expensive (usually both) projects financed with taxpayer's money, I definitely do want some scrutiny and responsibility. Unfortunately we don't get any of that because it's not in their interest to do so.
- thfuran 3y agoNokia is a great example of companies not disappearing overnight. They still make around 20 billion a year.