back only they say they can't why not didn't their business plan real work out you know getting through the pandemic they surely didn't think it would be over in a few months didn't they anticipate the amount of lockdown we'd have ended up with i mean it's possible but that seems ridiculous to me but given that the latest lockdown has been over for months why just bring it up now why didn't they say something sooner it still sounds to me like taking advantage of a national crisis to reduce their outgoings that the taxpayers expects and this idea was given credence when the same article cited governance concerns that some of the money from the loan was maybe diverted away from the refinery again venture capitalism bring it back you know a group well a business that's effectively opened by a group with a large portfolio funnel money from one venturing to the other and then let it let the the let it collapse you keep the rest of the money you know were they pumping some of the money from the loan away in the knowledge that they could either get the government to bail them out obviously that would have been their plan a get the government to bail them out or just let the whole thing collapse into administration making a healthy profit either way will the government chase the money i doubt it because what we're talking about here is not like the haulage company where it just failed you know it wasn't down to the the owners of such that it failed um you know the controlling group didn't accept responsibility that's their fault but they didn't deliberately run it into the ground in the case of this refinery it may be a deliberate case of funneling money away creating the conditions for insolvency itself but who knows but if it does go into administration and and i get you know the impression from this report that the government aren't keen on bailing them out and yes the government will make sure the receivers keep the refinery going you can't just let a refinery collapse in the middle of a petrol crisis but even the news that this thing is going under wouldn't that just cause more panic at a time when panic is really bad you know when we already have panic buying of the resource that this facility provides but regardless of the extra mess that unregulated capitalism is potentially causing here what we nonetheless have are market conditions that are putting pressures on companies who are supplying goods or services that are crucial to our lives this is why free market policies do not work you have to have government intervention at times like this otherwise further disasters are inevitable so further disasters are inevitable but those are my thoughts let me know yours in the comments below hope you found the video interesting if you did don't forget to click the like button if you'd like to support the channel further please also click the patreon link for details and until next time i'll see you later
START_INTERACTION_TOKEN but those are my thoughts let me know yours in the comments below hope you found the video interesting if you did don't forget to click the like button if you'd like to support the channel further please also click the patreon link for details and until next time i'll see you later END_INTERACTION_TOKEN