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Unprofitable inefficient companies don't die if governments keep propping them up. What they are doing is not capitalism.
by discreteevent 2y ago
Unprofitable inefficient companies don't die if governments keep propping them up. What they are doing is not capitalism.
- SideburnsOfDoom 2y agoSo then this in 2009 is not capitalism: https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/auto-bailout-ten-years-later-right-call/ https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wha... or this in 1979: https://www.investopedia.com/articles/economics/chrysler-bailout.asp https://www.investopedia.com/articles/economics/chrysler-bai...