Originally published at: https://boingboing.net/2017/11/01/efficient-market-hypothesis.html
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Didn’t the school bus contract have any penalty clauses?
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Late stage… fuck it.
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Wouldn’t it be interesting if a private prison contractor in the USA just said “Fuck it!” and opened the cells and gates and walked away 
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If the school district insisted on that they’d be setting a bad example for the kids about their trust in the “free” market. Why put one in, when private service providers are so much more reliable and trustworthy than their government counterparts and when the magical Invisible Hand takes care of the few outlier cases?
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So, Hardy threw his own employees under the bus.
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I had a boss who absconded once. It makes things awkward.
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“I have had enough and realise I cannot work with you, the people I employ, a moment longer. There comes a time in any relationship when you just have to say ‘Fuck it’, say goodbye and move on. This is my time! I am quitting to pursue my dream of not having to work here.”
Okay, so, I don’t approve of breach of contract, stranding children, or suddenly depriving people of their jobs.
That said, I have wanted to say something very much like this at almost every job I’ve ever worked at, and I don’t think I’m alone.
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If the company’s just voluntarily closed down rather than gone bust, doesn’t it still have to pay its employees for their notice period and redundancy?
(Of course, that might not amount to much, and could still leave them scrabbling to cancel/suspend regular payments.)
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You’ve got it all wrong. Penalty clauses are for private enterprise to invoke against the state (e.g., for trying to get out of ruinously expensive PFI deals), not the other way round. What are you, some sort of communist?
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“There comes a time in any relationship when you just have to say ‘Fuck it’,”
Ahh yes the ol’ Somerset “framing my selfish choice as the one any of you would have made, to justify my failure and protect my ego” switcheroo.
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Why would they put in the effort to open the cells? Just leaving them there to starve to death would be more likely.
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They’re supposed to, yes.
The employees would of course have to sue to get it if it’s not paid voluntarily.
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Said to be (by Tories) = yes, actually happens in reality = no
What we have here is the usual clusterfuck of privatised profits with the taxpayer left to pick up the bill if anything goes wrong.
Heads they win, tails we lose.
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They don’t exactly need them. Either it’s a breach of contract or it isn’t. If it is in breach of contract they can sue for damages.
Guess how much good that’s likely to do them…
Always the hazard of dealing with small independent operators. If they decide to go under, they haven’t got any assets worth pursuing.
OTOH, if you go with one of the big operators, you get shafted in the contract negotiations.
You pays your money and takes your choice.
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Sadly, the majority of us are simple wage slaves and are subject to this treatment at any moment. Always work on a plan B. I value no possession quite as much as my middle finger.
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Socialism for the richies, plutocracy for the poors.
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In this case, it sounds more like a nervous breakdown.
At the end of the day, there is no good way to tell people that the job they rely on is gone.
Was this a particularly bad way to do it?
Yes, but it does have the merit of honesty at least.
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Yes there is. We’ve all agreed on this for a while now. Two weeks notice is the good way to tell people that, through no fault of their own, they’re not going to work anymore.
if not 2 weeks notice, 2 weeks pay as they escort you to the door.
This isn’t “particularly bad” it’s “spectacular fail”
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