this post was submitted on 10 Oct 2024
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Capitalism never cleans up it's own messes
We call those externalities, the taxpayers will handle them if we ignore them long enough that they become a crisis
This should have been settled in bankruptcy court as part of business wind down before anyone got a penny of assets divided proceeds. When it's not then another legal battle is required to get the company to do what it should have. Such a waste of time and needless burden for society. Unfortunately, regulatory capture and representative funding capture is almost total so no laws will be passed to change it.