If a government ever needs to bail out a company, that company should be rolled into the government as a utility or service, and its CEO/board should be released with no compensation, and barred from holding similar positions for 10 years.
The bank bailout, airline bailout, automotive bailout, mortgage bailout, etc., should have all been rolled into the federal government, or been completely shut down. If you run your business so shittily that you cannot function without a government bailout, then that business shouldn’t exist.
You’re overcomplicating things. There’s no reason for a bailout in an ostensibly capitalist economy, period. I appreciate your comment but bailouts shouldn’t exist at all
There are legitimate negative economic consequences to letting large enough businesses fail. Nationalizing them with no compensation to their executives is a better plan than golden parachutes or inaction, and it’s easier to do than fully-automated luxury gay space communism.
We shouldn’t be entertaining a bail out at all, regardless of any social systems being funded.
Who is “we”?
It seems like this is the usual ultra privileged people who violently control society under a fundamentally evil system.
That’s not me and I doubt it’s you.
All societies are controlled by violence.
I think you’re missing the point, but sure Jan
I’m still right. You can’t spell “enforcement” without “force”.
Came here to said the same thing. I get what she’s going for but no, there shouldn’t be a bailout at all.
If a government ever needs to bail out a company, that company should be rolled into the government as a utility or service, and its CEO/board should be released with no compensation, and barred from holding similar positions for 10 years.
The bank bailout, airline bailout, automotive bailout, mortgage bailout, etc., should have all been rolled into the federal government, or been completely shut down. If you run your business so shittily that you cannot function without a government bailout, then that business shouldn’t exist.
You’re overcomplicating things. There’s no reason for a bailout in an ostensibly capitalist economy, period. I appreciate your comment but bailouts shouldn’t exist at all
There are legitimate negative economic consequences to letting large enough businesses fail. Nationalizing them with no compensation to their executives is a better plan than golden parachutes or inaction, and it’s easier to do than fully-automated luxury gay space communism.
Nope there aren’t :) Ford, Wall Street, and Perplexity should all fail because… they failed.
That’s kind of how this whole thing works and the worst kind of PPP youre advocating for is what got us in this shithole in the first place