That’s how you compete in the world. Imagine for a second if the US didn’t bail out the automotive companies, I think Ford would have survived, but that’s about it, no more American competition for them. If they also failed, then we might not have any US car companies, how bad would that have been for our society?
Or the banks, could you imagine how screwed we would be if the whole baking system collapsed? Even the small banks were in trouble, it’s not a solution to just split them all up.
I mean, why do we have 'too big to fail" companies? Isn’t that counterproductive to having a robust society?
That’s how you compete in the world. Imagine for a second if the US didn’t bail out the automotive companies, I think Ford would have survived, but that’s about it, no more American competition for them. If they also failed, then we might not have any US car companies, how bad would that have been for our society?
Or the banks, could you imagine how screwed we would be if the whole baking system collapsed? Even the small banks were in trouble, it’s not a solution to just split them all up.