"Bill Schwab" wrote in message
...
It can really suck to work for a company that gets clobbered by what might
be a random screw-up. However, bankruptcy is not all bad. It is a
mechanism that allows a free market to heal itself. Buildings, equipment
and intellectual property have value, and get sold to settle debts.
Sometimes all that really happens is that poor management gets squeezed
out to make room for those who end up doing a better job. Individuals
often get hurt, but IMHO, freedom is a good thing. We should try it.

Bill

Bill, right on!!! The right to fail is one of the most important parts of
capitalism and a free society. This minor blood letting is what makes our
country strong and improves the performance of employees. The strong get
right back up and do a better job the next time.

Conversely, without failure, you can crank out toilet paper (like under the
communist system) forever, whether somebody buys your product or not.

Ivan Vegvary