this post was submitted on 21 May 2024
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[–] [email protected] 1 points 1 month ago (2 children)

yes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years

[–] [email protected] 2 points 1 month ago (1 children)

Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches

[–] [email protected] 1 points 1 month ago

I’d be happy if that happened.

[–] IchNichtenLichten 2 points 1 month ago

but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

The shares would be almost worthless.

plus “service all the debt the company is in” which is another bailout

Nope, the company would be wound up.