The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Bailouts of large companies

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Bryan James

Bronze Contributor
I've Read UNSCRIPTED
Speedway Pass
Jul 1, 2018
205
359
186
Texas, USA
I am fully aware of the rule that states we should not get political on here and I am intending to avoid any political discussions. If I get penalized for it I truly apologize. My question for you, however, is if you think that the government bailing out a bankrupt company is healthy for business and for the economy in the long term. For example if, for whatever reason, Apple went bankrupt overnight it would crash the economy and spread across the globe, so the government would step in and bail them out to prevent the economic disaster. Fair enough, but do you think that's good for the long-term? If they screwed up once and were bailed out it's like making a mistake and having the universe erase it so that you're essentially robbed of the learning experience the failure would've provided. Failure is a way of finding out what we need to do differently next time. If we fail but get bailed out, we may be robbed of a seriously important lesson we need to learn. I dunno. Your thoughts?

Again, sorry if this breaches the "nothing political" rule.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Tommo

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jan 21, 2018
414
685
273
66
Perth Australia
I am fully aware of the rule that states we should not get political on here and I am intending to avoid any political discussions. If I get penalized for it I truly apologize. My question for you, however, is if you think that the government bailing out a bankrupt company is healthy for business and for the economy in the long term. For example if, for whatever reason, Apple went bankrupt overnight it would crash the economy and spread across the globe, so the government would step in and bail them out to prevent the economic disaster. Fair enough, but do you think that's good for the long-term? If they screwed up once and were bailed out it's like making a mistake and having the universe erase it so that you're essentially robbed of the learning experience the failure would've provided. Failure is a way of finding out what we need to do differently next time. If we fail but get bailed out, we may be robbed of a seriously important lesson we need to learn. I dunno. Your thoughts?

Again, sorry if this breaches the "nothing political" rule.
Not an original question mate but a good one to discuss. I think it can be political but not a breach of the forum guidelines, I hope so anyway. Bailing out is just helping a failing business, good money after bad,Gresham law I think. Let it die. The banks, if they screw up then they should pay the price as we all do, and everyone not protected by the governments largesse. Disclaimer I am an outright libertarian.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
How do I sell to a different country with an accent? And a foreign number. Cold e-mails don't...
  • Sticky
MARKETPLACE Kill Bigger Incubator
Hey @Cruiser I just shot you a reply! Amazing product BTW!
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Well, we made it halfway through the year. Don't know what the rest'll bring, but it's gonna be...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Not really a teaser but it does employ a fictional story, so that is similiar. This upcoming...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom