Arguably Bed Bath is better described as privateer capitalism: they were already on their way out in a big way and while there were certainly better avenues they could've taken, odds are they were going out of business anyway between the overall drops in brick and mortar spending among consumers combined with the pandemic drought.

And in the end, what do we expect? The executive classes show up, buy their way into these firms that are struggling but have some intellectual/data/brand assets, and the executives slam them into the ground, sell the valuable pieces that fall out, and then sail away to buy their way into other businesses. I was always told growing up that if you failed in business you lost money but it seems once you get to a certain size of business, you can count on either free money from the Government to keep the ponzi-scheme that is our economy these days from toppling over dead, or at the very least, sell the scrap components of a business you didn't build for other companies to hoard until they too collapse.