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The government wasn't looking to maximize their return, if they were they wouldn't have included such huge protections for GM union workers. I don't think retu
by jdsully 7y ago
The government wasn't looking to maximize their return, if they were they wouldn't have included such huge protections for GM union workers. I don't think return maximization in a micro sense was the right approach anyways. The government got its pound of flesh through the increased tax revenue it generated by not having the economy implode.
- Retric 7y ago> The government wasn’t looking to maximize their return Someone was, the simple word you looking for is corruption. The end goal of a corrupt state might be to build a road, but the specific cash flow ending up in well connected hands has absolutely nothing to do with the stated goal.