Telecom giant WorldCom is filing

  • Telecom giant WorldCom is filing for Chapter 11 bankruptcy today. Important communications infrastructure — Internet backbone, long distance, private data lines — hangs in the balance. Corporate malfeasance affects us all, whether we like it or not. What choice did you have in WorldCom taking over huge gobs of your necessary communications system? What vote did you get? I say, dump their stock, dump their long distance, dump all of their services if you subscribe. Fuck their greed and their company, because we’re only going to pay anyway — either they’ll go under dragging things down with them, or they’ll get a government bailout. Either way, they enjoy the fruits of their crimes and we get it sorely in the posterior.

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