Quote:
Originally Posted by Slava
Well I'm against government bailouts for private business. I didn't like it when it took place for GM, hate the Bombardier has no real business aside from securing government money from time to time and am against the arena in Calgary for the same reason. I know that the oil industry is hurting, but even so, private business should have to deal with these issues on their own.
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I'm completely on board with this, one of the biggest almost forgotten traits of capitalism is that ever segment for whatever factor will always go through one form or another of a near extinction level kill off, which removes the weak and the slow, and the non innovative. The survivors are usually the ones that were smart enough to ride the crest of the death wave.
Government shouldn't be in the business of bailing out businesses. The auto industry would have been better served if a major or two was allowed to die.