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posted by on Wednesday April 12 2017, @06:46PM   Printer-friendly
from the bankruptcy-is-not-death dept.

Toshiba has reported another huge loss as it continues to try to recover from the bankruptcy of its Westinghouse nuclear unit:

Toshiba has filed its delayed financial results, warning that the company's survival is at risk. "There are material events and conditions that raise substantial doubt about the company's ability to continue as a going concern," the company said in a statement.

The electronics-to-construction giant reported a loss of 532bn yen (£3.8bn; $4.8bn) for April to December. However, the results have not been approved by the firm's auditors. These latest financial results have already been delayed twice and raise the possibility that Toshiba could be delisted from the Tokyo Stock Exchange.

Previously: Toshiba Nuked Half its Assets
Huge Nuclear Cost Overruns Push Toshiba's Westinghouse Into Bankruptcy


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  • (Score: 2) by julian on Thursday April 13 2017, @02:40AM (3 children)

    by julian (6003) Subscriber Badge on Thursday April 13 2017, @02:40AM (#493226)

    He's as deluded and ideological as an unreconstructed Maoist, and just as wrong.

    The fact is, if what he's suggesting was at all possible there would have been at least one society in history that tried it. If it's such a great way to organize civilization they would have been big and successful and we would have heard about them. You can find more world-historically important civilizations that were Communist than AnCap or libertarian. The vast majority of all governments are mixed economies.

    The state itself is inevitable because it provides irresistible advantages.

    If you could wave a magic wand, dissolve the state, and institute a libertarian utopia people would immediately begin the process of reforming states. Eventually some warlords realize they can just assert their control over other people by force--asking nicely and waiving a contract at them doesn't work; the only private "police" work for him or other warlords. Civilized people in the next city over realize this is terrible and establish a government to prevent it and safeguard human rights. Laws are codified and everyone has to follow them, or else. They need money to protect themselves and enforce the law. Everyone has to pay in for it to work so they start taxing. If you don't pay they lock you up, or ask you to leave. Eventually "leaving" is impossible because every scrap of land is controlled by some other city-state or collections of cities that similarly demands taxes. Inter-state norms develop for diplomacy, communication, and travel. Sometimes there are irreconcilable differences between polities and they go to war, but slowly the trend is toward greater cooperation and tighter integration. And thus civilization as we know it is reconstituted.

    That's basically a rough sketch of the actual history of humanity. The names and the places could have been different but any sentient creature with our biology would have followed essentially the same path.

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  • (Score: 0) by Anonymous Coward on Thursday April 13 2017, @02:54AM

    by Anonymous Coward on Thursday April 13 2017, @02:54AM (#493232)

    The fact is, if what he's suggesting was at all possible there would have been at least one society in history that tried it.

    By that logic, you don't exist, certainly not as some random poster on the Internet. You're claiming that no technology exists because it would have obviously been done before it were possible if it were at all possible.

    Social technologies are technologies nonetheless. Expect advances whether you like it or not.

  • (Score: 0) by Anonymous Coward on Thursday April 13 2017, @03:04AM (1 child)

    by Anonymous Coward on Thursday April 13 2017, @03:04AM (#493235)

    These "libertarian" principles pervade society already; they are the very principles that make modern society so fantastically productive, even despite the parasitical existence of The State.

    The vast majority of interactions in modern society occur according to such contracts, whether cultural or explicit. Most "private" business is conducted around these very ideas, and most disputes are resolved through private arbitration.

    You want to know where the "libertarian" society is? Look around you!

    There is just one snag: Nobody realizes it; it's a lot easier to see the flags, and hear the national hymns, and stand for the pledges of allegiance, and sit in awe of the domed capitol buildings, and thereby mistake such things as the foundations of success. Productivity knows no hand-drawn borders; it weaves and contorts its way around every distortion, perhaps raising its head every now and then as the evil "black" market wherever government got just a little to deluded by its own false sense of importance.

    • (Score: 0) by Anonymous Coward on Friday April 14 2017, @08:51AM

      by Anonymous Coward on Friday April 14 2017, @08:51AM (#493881)

      These "libertarian" principles pervade society already; they are the very principles that make modern society so fantastically productive, even despite the parasitical existence of The State.

      You stupid, stupid, dumbfuck of a libertariantard Anonymous Coward! You actually believe this tripe? (Tripe, that is, cow's stomach. I know you are probably not all that literate, since you are a dumbfuck libertariantard, so I will help you out with some helpful notes as we go along.) No, it is the cooperation of well meaning fellow citizens that makes a society productive, the efforts of "Entrepreneurs", "investors", and "capitalists" generally just fuck over entire projects. Case in point: Donald John Trump, the only "businessman" in modern history that managed to bankrupt a Casino. Really, how stupid do you have to be to lose money on a rigged system like that? And then he turns to Electoral Politics? It is only the State that saves us from such parasitical bastards, what with their shorting payments that they have contracted, using to the courts to protect them from creditors, and any number of really immoral, selfish, nasty, illegal, Mafiosi, and dirty moves. Economies thrive in spite of their libertarians, not because of them. Now come back when you are twenty three, and you have stopped masturbating to the "Fountainhead".