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Libertarians and Objectivists are so good at being half-right. Yes, public money should not be used to help mediocre businesses, but the way to prevent that fr
by AlexeyMK 18y ago
Libertarians and Objectivists are so good at being half-right. Yes, public money should not be used to help mediocre businesses, but the way to prevent that from having to happen is to impose restrictions on company market share in certain industries (Banking, specifically) to make sure that no one is 'too big to fail'. Regulation is a necessary component of any business environment. Businesses need to either follow strict regulations or be limited by size and investors such that their failure would not be acceptable.