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You know how we can get different results? By letting these inefficient companies fail. Bankruptcy is the better long-term solution to the problem. These worke
by jfornear 18y ago
You know how we can get different results? By letting these inefficient companies fail.
Bankruptcy is the better long-term solution to the problem. These workers won't be unemployed for long. Responsible managers, who have been making the right decisions, should get the opportunity to buy up these assets and restructure a more efficient business.
I agree with FW's take, but I don't like government intervention in private enterprise. When the government decides to bail a company out, which they shouldn't do in the first place, they sure as hell shouldn't have any say on how that money is spent.
- dhimes 18y agoI disagree. If we're giving them money, we can put constraints on it. In fact, we have a duty to see if constraints are needed. Giving the company money and not ensuring it gets where it needs to go is gross negligence. I could buy this argument, however: if we need to put constraints on it, then that's a business that needs to fail.
- jfornear 18y agoif we need to put constraints on it, then that's a business that needs to fail. Exactly! That's kind of what I was meaning to say... :)