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Have you ever lost a game of Monopoly? You probably have. So, you know that in this iconic capitalist game, you lose when you don’t have enough money to pay.
When your cash is already running low and the roll of dice lands you on the most expensive properties, you know you’re on your way out of the game.
You can literally go bankrupt and sell off your little houses, hotels, and mortgages, to get some cash back and pay your debt. And if that’s not enough, you’re out. It’s simple enough for a game but it’s pretty much the same in real-life capitalism.
But of course, it is far from being that simple in the real world.
As you may have figured out by now, we love to talk about dead or struggling companies, which usually end up bankrupt. Out of Monopoly and back into the real world, when you see the news, especially after an unforgettable 2020, you will come across the term bankruptcy quite often.
Just in the retail sector last year, Century 21, Brooks Brothers, JCPenney, GNC, JCrew, Guitar Center, and a bunch of…
