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>At least in the free market inefficient companies will eventually go defunct which frees those resources for more economically useful output. ha ha. you mean
by fuzztester 2y ago
>At least in the free market inefficient companies will eventually go defunct which frees those resources for more economically useful output.
ha ha. you mean like in 2008 and 2009, the great recession (1), the subprime mortgage crisis (2), etc., and then things like:
(1) the great recession
(2) the subprime mortgage crisis
TARP:
https://en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Program https://en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Progra...
terms floating around at that time, like:
"privatize profits, socialize losses"
"too big to fail"
etc.?
- HDThoreaun 2y agowhat happened to lehman bros, bear stearns...? The worst companies did fail. You would never see that in the government
- fuzztester 2y agoGovernments fail too - every four years (US), sometimes, or some multiple thereof.
- HDThoreaun 2y agothats not the government failing, its a political party failing. The administrative state remains intact.
- fuzztester 2y agoboth your sentences are bullshit. I am too busy today. will prove that tomorrow. meanwhile, chill, or warm, depending on your climatic zone and other factors.
- fuzztester 1y ago>"privatize profits, socialize losses" actually, IIRC now, that was "nationalize losses" - meaning, let us (fat cats) benefit when we make big profits, and let the public suffer when we make big losses - by making the government support / prop us up financially through acts / things like TARP. mea culpa.