Sunday, June 25, 2017

Takata air bag maker files BK

Takata has filed BK in Japan so that someone else gets to eat its $9bn USD unfunded commitments.  Whenever a company does something like this there is only one way to look at it: they privatized the gains, took huge risks, and are now socializing the loses.  Whenever you see corporate propaganda telling you how much they love you, care about you, blah blah blah you should just laugh.  They don't give a crap about anything except profits.  Nor should they.  Likewise, you should not care about their profitability.  Buy what is cheapest that meets the need and make corporations earn your trust on each purchase.   There is no such thing as "loyalty" in an honest economy.  Loyalty is for friends and family and the minute you forget that you are falling for the propaganda.