I really have a problem with the government continuing to bail out companies (large banks, insurance companies, airlines, car companies, etc.) that have made poor management decisions and underestimated risk in their investments. Part of true capitalism is letting the market work and letting those companies that did run their businesses well succeed (and not try to steal their "windfall" profits), and let those that do not perform well fail. Letting poor performing companies fail prevents more capital from chasing continuing bad investments.
Further, the government providing the bailouts is essentially nationalizing these companies, making our country and our economy more and more socialistic. Umm, wrong direction, folks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment