“That’s how capitalism works”!!
Has he been scrolling r/antiwork and r/collapse, signing in at the Bear of Hex, keep a copy of the Communist Manifesto bedside?
Is this just a joke?
On a serious note, if it’s not, how far are the puppets in government prepared to go in what could be a cataclysmic moment of comeuppance for the Economic Terrorists of Wall St?
You're right, but the only losers in that scenario are the workers. The porkies at the top will make it out relatively unscathed either way, but taking steps to avoid covering those uninsured deposits means payroll is missed and workers aren't paid for work already done and are fired immediately
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I'm sure that even in a collapse of SV startups, the evil ones will survive. Deregulation machines funded by Thiel and the Saudis aren't going to collapse because some of their cash vanished. The other major genre of startup is R&D department cost cutting, and again I imagine the established tech giants who are doing it would rather just do a cash injection than long term commitments to their own R&D. I don't necessarily think the R&D ones are always evil, but if it's not one of these two major categories I'm not sure the companies are significant enough to matter anyway lol.