An interesting current affair, is the sustainment of value of shares in "Bankrupt" companies.

When we look at whatever services the company is offering, it starts to make sense.

Popular, are shares in Hertz, already bankrupt, and in Cruise ships, which have no conceivable future in the presence of Covid.

Yet, people have fond memories and aspirations in those things, so they put their free money towards them.

Since they got the money for free, they don't care if they make a profit, they are effectively placing a vote, to keep those services, regardless of whether or not they make a profit.

That looks like a much more effective vote than any they might expect in the current system of "Democracy".

In the end, the winding up of bankrupt companies could become optional, only needed if their shares become worthless. "Zombie" companies with good shares values might continue offering their services in non-profit mode at some point in the future, if they are not wound up.

Thus, the plans of some big time senior execs in some of the bigger companies who have been pumping up the values of shares in their own companies, by buy-backs (Apple - $100Bn for example), to retire on large settlements in the expectation of wind-up deals, might be thwarted.