Basically, the company had to pay for its own buyout when private equity firms KKL, Vornado, and Bain bought the company for $6.6 billion, mostly with loans.
Because the company then had to pay off those extreme loans, they were forced to sell off their assets and property, which they leased back from the very private equity firms that now owned them.
The same thing happened more recently with Red Lobster and JoAnn Fabrics.
This is enough reasoning to say that capitalism is the single greatest enemy of mankind. The search for endless profit will kill everyone.
Capitalism is a great system as long as it’s regulated. It’s been more and more destructive and caused catastrophic shifts in wealth distribution since deregulation started with Reagan
You’re basically saying cancer isn’t so bad as long as it’s just a little cancer and is kept in check. All you need is a few bad actors and everything goes up in flames.
Nono its the best system. All others have failed. You cant have the American dream without capitalism.
/LIES FROM FASCISTS
Careful now, they’re about to classify criticism of capitalism terrorism.
The culture of consumption is the greatest threat to humanity.
Capitalism, and even communism, are just means to that end.