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Not sure why I'm getting downvotes. Why should legacy automakers get bailed out when there are people like Musk who could have raised money to take over a big s
by grandalf 9y ago
Not sure why I'm getting downvotes. Why should legacy automakers get bailed out when there are people like Musk who could have raised money to take over a big swath of the industry.
The status quo is so full of entrenched rent seeking, which is probably why it got saved.
Same with banks. Why should a startup like bank simple fail after being deluged by regulatory obstacles, yet the firms doing things the bad old way get bailed out over and over?
Capitalism without firm failure is much more like fascism than anything else.