Who are the real risk takers?
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Who are the real risk takers? Losing other people’s money is not taking risks.
Every day workers working on Oilfields, in the mines risk their lives.
Lose weight or lose your jobs, offshore workers told
From November next year, industry body Offshore Energies UK (OEUK) said the maximum clothed weight for a worker heading offshore should be 124.7kg (19.5 st) – so they can be winched to safety in an emergency.
Every month workers take risk by lending their labour to capitalists, on the promise that they will be paid at the end of the month. When companies go tits up, its their wages that don’t get paid. The share holders have taken their dividends over the years, based on the surplus value that workers have had legally stolen from them. In 2024 there were 23,874 company insolvencies. Companies can take the profit and then walk away from their liabilities, due to Limited Liability legislation.
As an example Trump has filed for six bankruptcies
Trump Taj Mahal Associates (Atlantic City casino) in 1991.
Trump Castle Hotel & Casino (Atlantic City casino) in 1992.
Trump Plaza Associates (Atlantic City casino) in 1992.
Plaza Operating Partners (Manhattan hotel) in 1992.
Trump Casino Holdings (Atlantic City casinos) in 2004.
Trump Entertainment Resorts (Atlantic City casinos) in 2009.Trump consistently points out that he never filed for personal bankruptcy, which would have put his personal assets at greater risk. By using corporate entities with limited liability, he was generally able to protect his personal fortune
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