03-30-2020, 01:19 PM
(03-28-2020, 10:34 AM)Crazyjdawg Wrote: If a corporation were to be allowed to fail, them, their product, their warehouses and their market share wouldn't magically disappear.
They'd go bankrupt, competitors/ new companies would buy out their assets and expand into the void in the market the incompetent corporations left.
Essentially, bailing out the corporations doesn't bail out the industry. It bails out the incompetent and corrupt CEOs and operations management that waste money (or steal it) so much that they can't run at a deficit for a month without running to big daddy government for help.
You can appreciate the product of a corporation without deifying them and you can hold them and their executives accountable while still understanding their importance to the economy.
It all depends. If you fail because the government shut you down or a pandemic means you have no customers, that's not really on you.
“History teaches that grave threats to liberty often come in times of urgency, when constitutional rights seem too extravagant to endure.”-Thurgood Marshall
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