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Bailouts of large companies

Discussion in 'General Mindset, Motivation, Beliefs' started by Bryan James, Sep 6, 2018.

  1. Bryan James
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    Bryan James Bronze Contributor Speedway Pass

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    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.
     
  2. Tommo
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    Tommo Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    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.
     
    GPM, Bryan James and Kak like this.
  3. Kak
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    Kak Capitalist Swine Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Good money after bad... Very well said @Tommo .
     
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