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The bailing the company out here that I see is needing to provide benefits to the regular employees now, because as a society we have decided to not let people
by lovich 8y ago
The bailing the company out here that I see is needing to provide benefits to the regular employees now, because as a society we have decided to not let people just die in the streets. When the executives make choices that require giving more benefits to many people, so that they can keep their high pay in spite of their own mistakes, I see that as making the costs public and profits private.
It does not need to be the government handing out cash as a bailout to companies before the costs are becoming a public cost