Why are we bailing out corporations? What happened to Free Trade?

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Those who believe in Capitalism, in "Free Trade" and the "Invisible Hands" of competition, will note that the governments bailout of the auto industry goes against all of these notions. The reason that these companies need to be bailed out is that they make gas-guzzling vehicles that no one wants to buy anymore. Also, it is not sustainable for working people to buy a new car every few years (or a computer!). These industries are way behind the times and need to re-evaluate and change their companies to fit the market and the concerns of their potential customers. By bailing them out, we are basically giving them our tax dollars as a prize for running the worst business. What do you think?

Comments

Unknown said…
If we ran our personal affairs the way these corporations run their businesses we'd all be bankrupt and in prison. And no one would bail us out.
December 16, 2008 at 10:58 AM
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