2 ms·
Preferred ... for whom? Owners? Sure. People footing the bill? Hell no. If we (taxpayers) are footing the entirety of the risk than we're also be taking the en
by sputr 7y ago
Preferred ... for whom? Owners? Sure.
People footing the bill? Hell no. If we (taxpayers) are footing the entirety of the risk than we're also be taking the entirety of the profits (if any). Why do you expect the public to NOT play by the capitalist rules?
Low-term ownership of non-critical companies by government is usually a bad idea. Sure.
But isn't it better to nationalize, save and then, when the market is good, sell it for a profit (or break even) than just ... give out high-risk money hoping you get it back?
Besides ... if a company was going to collapse without government intervention that means it's irrelevant to the current owners anyway since they have already failed and lost everything. The fact society managed to stop that from happening with extraordinary measures is irrelevant to that fact.
Don't get me wrong: I'm all for private enterprise. But I hate people who turn from "no government handouts for the poor" to "Companies need government handouts!" the second it's convenient.