Follow

Can someone explain to me why it shouldn't just be illegal for companies to buy other companies? I don't see any good that comes of that.

@valleyforge What happens when the management no longer thinks the company's viable, or the proprietor wants to retire, etc.? Selling to a competitor allows the business's customers to keep receiving whatever service it had been providing.

For example, in aviation: when US Airways bought out the bankrupt American Airlines, it inherited the obligations to transport AA passengers who already bought tickets. When Thomas Cook went bankrupt without a buyer, hundreds of thousands of passengers just lost their money (technically, they held unsecured debt for whatever refund they were due, but that was effectively worthless, given that the airports secured their debt by impounding TC's assets), and many were stranded abroad.

Studying business overall you will see 

@valleyforge - it's existence itself is *for* unfair advantage and unfair leverage developed as time has gone on

(for example cheating / not having obligations when buying or being able to shift things and start again in wrong way again under 'new' name for a new shell)

- generally one after another business books and techniques are for a kind of tricking of customer or system process which knows and is designed itself these things stemming from Government itself in developement of it (all companies are allowed to be born from Government as virtual entit) so it's no wonder they the rulers or givers of power can do things that don't apply to people (morally or as business)

In many things it's really obvious the system (or pattern of rules) are in often double-standard or favour of some things and not in favour of oter things / other people. And sometimes just downright 'magically created'.

People expect a system to be fair or neutral / not empty but it's very political and only even more bent with the same for-profit leanings.

Thanks @valleyforge

Sign in to participate in the conversation
Qoto Mastodon

QOTO: Question Others to Teach Ourselves
An inclusive, Academic Freedom, instance
All cultures welcome.
Hate speech and harassment strictly forbidden.