A free market economy is a wonderful thing when left to its natural course. It gives glorious opportunity to succeed, but also gives opportunity to fail. The market will always punish those that make mistakes, or do bad things. Left to its own devices, the market will correct these mistakes and people will learn from them. The big three auto makers have made mistakes. Many mistakes, from top heavy and over paid management, overly rich wage and benefit packages for the employees, to producing a product that the majority of drivers do not want. The 'Big Three' have a choice to make, under normal circumstances. They can correct those mistakes, or they can go bankrupt. But, now we have pressure on government to 'bail out' the 'Big Three' and here is the mistake. Without the fundamentals being corrected, the bail out will be money thrown away. It is the same with the banks (in the USA) who made so many bad loans that they are now asking for bailouts. These 'bad' businesses should be allowed to fall and fail. In their place will arise new and better banks that will thrive in the market place because they will have learned from other's mistakes, and they will be filling a need, because we will always need banks.
1 comment:
Okay, here's my vote, LOL. At least you have a common sense approach to it all, something that our government seems to have lost amidst all the powers that be.
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