Quote:
Originally Posted by Cecil Terwilliger
Great post with one minor caveat.
Large for-profit businesses frequently receive money from the government to help them build infrastructure, pay their CEOs huge bonuses, bail them out from irresponsible spending and losses, buy jobs (under threat they'll leave without what is essentially a bribe).
Then they do exactly what you said. They raise prices and screw the consumer, while the government gets nothing tangible out of it and the company will just come back to the well in a few years or else threaten to leave for a sweeter deal yet again.
And voters are not apoplectic nor do politicians bite the dust. Nothing happens and we all just move on with our lives, while the goverment raises our taxes, cuts our services and pays more billions of $$ to the multibillion dollar businesses.
Tons of links out there so I won't cite anything. Bombardier was just in the news for this though. And funny that you mentioned Husky. In 2014 they got something like $75m in government handouts.
|
So because we have been burned by bad public policy in the past we should continue to be burned by bad public policy?