Companies that go bankrupt are a danger to healthy competition. They are able to make their creditors and shareholders pay for their losses and bad management and then to start anew with assets that they essentially got for free, quite unlike the competition that has not gone bankrupt, who have to pay full price for their assets, but quite similar to how their customers have wanted their products, for too little money.
Erik NaggumRelated topics
able assets bad danger free full money pay quite startRelated quotes
I have wanted to give Iraq a lesson in democracy - because we're experienced with it, you know. And, in democracy, after a hundred years, you have to let your slaves go. And, after a hundred and fifty years, you have to let your women vote. And, at the beginning of democracy, is that quite a bit of genocide and ethnic cleansing is quite okay. And that's what's going on now.
Kurt Vonnegut
I feel that, you know, the enormous luck I've had in being able to make a living, and to never have had to have written one word that I didn't want to write, to be able to have satisfied that dictum I set for myself, which was not to work for pay, but to be paid for my work - just to be able to satisfy those standards that I set for myself has been an enormous privilege.
Leonard Cohen
It is, then, the strife of all honorable men and women of the twentieth century to see that in the future competition of the races the survival of the fittest shall mean the triumph of the good, the beautiful, and the true; that we may be able to preserve for future civilization all that is really fine and noble and strong, and not continue to put a premium on greed and imprudence and cruelty.
W. E. B. Du Bois
Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [...] The public owners seem to have abdicated all claim to control over the paid superintendents of their property.
Benjamin Graham
A child free from the guilt of ownership and the burden of economic competition will grow up with the will to do what needs doing and the capacity for joy in doing it. It is useless work that darkens the heart. The delight of the nursing mother, of the scholar, of the successful hunter, of the good cook, of the skilful maker, of anyone doing needed work and doing it well, - this durable joy is perhaps the deepest source of human affection and of sociality as a whole.
Ursula K. Le Guin