Why would you need a bailout if you’re losing? Seems like it would be better to copy China and nurture successful industry growth instead of constantly bailing out the failures.
Frankly, I’ve never really understood the logic of bailouts. If a company is not solvent, but it’s deemed to be strategically important then the government should simply be taking a stake in it. That’s what would happen on the private markets with another company buying it out. The whole notion that the government should just throw money at the failing companies with no strings attached is beyond absurd.
Why would you need a bailout if you’re losing? Seems like it would be better to copy China and nurture successful industry growth instead of constantly bailing out the failures.
Frankly, I’ve never really understood the logic of bailouts. If a company is not solvent, but it’s deemed to be strategically important then the government should simply be taking a stake in it. That’s what would happen on the private markets with another company buying it out. The whole notion that the government should just throw money at the failing companies with no strings attached is beyond absurd.
This is the same group of people that also tells individuals they should cut expenses and not look for a handout.
The bailout was the point all along.
Damn, you connected to the internet via a phone line? because you’re spitting straight fax.
@Ohmmy @CaptainBlinky I remember the days when I was connected to the Internet via phone line.