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Yup. When a VC-backed company goes bankrupt, no one bats an eye. When Solyndra's loans go bad, even though it was a tiny fraction of the government's green ener
by ProjectArcturis 2y ago
Yup. When a VC-backed company goes bankrupt, no one bats an eye. When Solyndra's loans go bad, even though it was a tiny fraction of the government's green energy portfolio, you get headlines and congressional hearings.
- acdha 2y agoAnd when a big contractor has an 8+ figure write-off, they have a PR team working to prevent accountability and none of the people who were talking about private-sector innovation and efficiency will be asked whether they had a more realistic position now.
- 486sx33 2y agoHow many middle class workers were robbed through income tax to pay for the $524million dollars lost on solindra? Government money totally ruins any private business, to the tune of a huge party where everyone takes as much as possible with no accountability
- acdha 2y agoHow many orders of magnitude more money is “robbed” by Comcast/Verizon/Charter, the medical industry, manufacturers who hiked prices up during the pandemic, etc.? Large organizations of all persuasion need oversight but that doesn’t mean we should give up on the concept any more than Enron meant we should give up on the stock market or private energy companies.