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> These things almost always add value and are entirely rational from a market perspective. From the perspective of efficiency for the ownership, yes. However,
by pjmorris 3y ago
> These things almost always add value and are entirely rational from a market perspective.
From the perspective of efficiency for the ownership, yes. However, every laid off staff member still needs to eat, house themselves, and pay their other bills.
It seems to me that the long run effect, apart from good or bad intent, is that the people in society who don't have access to capital wind up having to manage at a subsistence level.