this post was submitted on 10 Dec 2024
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Late Stage Capitalism

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[โ€“] Passerby6497@lemmy.world 1 points 2 weeks ago (1 children)

If you don't have wealth amassed outside the company and the company ends up not being able to pay debts your entire livelihood can be taken by a debt collector.

Man, I wonder what it would be like to live like that. Just dependent on a company making money so you don't have your livelihood taken from you...

[โ€“] timestatic 1 points 1 week ago

If you work for a company and it goes bankrupt you don't get your entire private shit seized. You can find a new company to work for. Starting a company based on debt is inherently risky. This comparison isn't really as great as you think it is.