Corporations can do one thing that people can't do: disappear (without actual pain or death) taking with them the responsibilities for decisions that the people running the corporations made. They can go bankrupt turning thousands of pensions into smoke without the actual decision makers suffering a loss in credit rating. Or they can threaten to dissolve, making pensions go up in smoke, and then accept a counteroffer from the government to "restructure" carrying forward a limited set of its obligations -- e.g. the pension plans could be halved.
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4 years ago