The untrammeled greed of the founders of Philz Coffee -- and the financial looters who are buying the company -- is exceeded only by their pure contempt for the employees whose shares in the company are being vaporized.
How can this be legal? Because "capitalism" rules.
https://missionlocal.org/2025/07/philz-coffee-private-equity-sell/
@dangillmor ”There must be in-groups who the law protects but does not bind, and out-groups who the law binds but does not not protect.”
-Frank Wilhoit
-Frank Wilhoit
This is the only true rule of conservatism.
And it was made in the context of pointing out that we have no other politics than #conservatism left.
All parties today protect the wealthy at the price of hurting the non-wealthy. Only different flavours of implementing #wilhoitslaw remain in power.
This needs to change.