Generically speaking? Depravity. Specifically? Government. But that's only half the story.
toldailytopic: Should the government bailout failing companies?
- Thread starter Nathon Detroit
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Generically speaking? Depravity. Specifically? Government. But that's only half the story.
that doesn't make sense
Why do we have to bail out the private sector? One can speculate but let's just say that it indeed doesn't make sense.
No Sheep Here
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Depends on what effect that company closing will have on Americans, and how many of them. Find out how many other companies rely on this one company for most of it's profit and how many of those company's employees will be affect.
maybe you should learn what questions are more important
Don't say that it aint so? I see then. But I thought you were going to ask me to switch off from questioning mode. And go back to answering mode then. I see.
we don't want to waste our time
nor should you
nor should you
That is still a matter of opinion.
Nydhogg
New member
Sometimes it's necessary. Some companies, through no fault of their own, may face bankruptcy if their clients or their debtors go bankrupt.
These times, a cash injection may stop the cascade of bankruptcies.
Still, the ones who caused the mess on the first place should NEVER be bailed out. That'd be rewarding failure. If the governent foots the bill when things go awry, they'll engage in all kinds of massive risk-ridiculously huge reward transactions. And we'll foot their bills over and over again.
These times, a cash injection may stop the cascade of bankruptcies.
Still, the ones who caused the mess on the first place should NEVER be bailed out. That'd be rewarding failure. If the governent foots the bill when things go awry, they'll engage in all kinds of massive risk-ridiculously huge reward transactions. And we'll foot their bills over and over again.
According to many of your posts Nydhogg, you're an anarchist that believes government isn't even needed. Are you amending that opinion to where government is needed in areas where they have absolutely no business being involved in: i.e. sponsoring entertainment (as in your support of tax subsidized professional football) and failing companies that should be weeded out by the free market system of economics?
You're looking awfully hypocritical here Nydhogg.
Nydhogg
New member
I'm not being hypocritical.
Bailouts sometimes work. According to most economists, government aid is neccessary in the case of spiraling mass bankruptcies, to stop the collapse momentum.
In a stateless society, we wouldn't need that kind of "solutions". Massive corporations and the ultra-rich class can only exist through deliberate State fiat. Actually, the State causes the problem on the first place.
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Bailouts sometimes work. According to most economists, government aid is neccessary in the case of spiraling mass bankruptcies, to stop the collapse momentum.
In a stateless society, we wouldn't need that kind of "solutions". Massive corporations and the ultra-rich class can only exist through deliberate State fiat. Actually, the State causes the problem on the first place.
.But this did happen recently; to protect the entire economy.
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