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Large corporations are enabled by big government, not limited by government. Monopolies do not withstand competitive forces for the long run, unless propped up
by Bloating 4y ago
Large corporations are enabled by big government, not limited by government. Monopolies do not withstand competitive forces for the long run, unless propped up by government privilege. This symbiotic relationship creates cronyism
- choward 4y agoExactly. The government will declare certain companies as too big to fail then bail them out. We need to let failure happen otherwise we are rewarding corruption. It's not like if a company fails all their capital just disappears. Another company can emerge or another successful company can grow. If an airline fails, the places and infrastructure don't magically disappear. The government gave the airlines a ton of money during covid so they could keep their staff and be ready to go when people start flying again. Instead the companies took that money, bought back stocks, gave executives bonuses, and encouraged early retirement. So now of course airlines have a staff shortage. But, hey, at least they made a ton of money, right? I'm not saying the government should have done nothing when they forced businesses to lose revenue. But just giving the money directly to those at the top is the worst possible idea. We shouldn't just be giving out the people's money to the rich and get nothing in return.