I’m not agreeing with it but if it were socialism we would at least have public ownership of the bailed out company. Any bailout would just be corporate welfare with little return
The bailout should transfer ownership to the public. Employees and (sane) products/services can stay, the idiots who tanked the company can shuffle off.
It’s not socialism, it’s welfare.
only if you consider companies as people.
I’m not agreeing with it but if it were socialism we would at least have public ownership of the bailed out company. Any bailout would just be corporate welfare with little return
The bailout should transfer ownership to the public. Employees and (sane) products/services can stay, the idiots who tanked the company can shuffle off.
That’s the same with socialism, though.
Socialism would do what’s best for society.
Welfare? For billion dollar companies? That’s rich.
There’s a ton of precedent. Welfare for the rich is justified all the time while those who truly need it are less and less