"Give a man a fish, feed him for a day. Teach him to fish, and feed him for a lifetime."
Yes, actually I do. This country's greatness is in large part due to the simple fact that if someone fails, there are 10 more people who think they can do it better. The bankrupty laws are there for a reason. Let them work!
Any true economist can tell you that longterm health of the economy is to let failing businesses fail, to make way for those that can do it better.
Look at Ford. They were interested in getting the money until all the stipulations that went along with it came to light. They said "no thanks, we'll go it alone" and emerged from their own reorganization far better than they were before. They made the hard decisions. They didn't back down to union pressure, saying "this is what we need to do to save the company." and they did it. I've never owned a Ford before, but you're damn sure that my next one will be.
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ninetydegrees
no subject
on 2009-09-15 03:24 am (UTC)Yes, actually I do. This country's greatness is in large part due to the simple fact that if someone fails, there are 10 more people who think they can do it better. The bankrupty laws are there for a reason. Let them work!
Any true economist can tell you that longterm health of the economy is to let failing businesses fail, to make way for those that can do it better.
Look at Ford. They were interested in getting the money until all the stipulations that went along with it came to light. They said "no thanks, we'll go it alone" and emerged from their own reorganization far better than they were before. They made the hard decisions. They didn't back down to union pressure, saying "this is what we need to do to save the company." and they did it. I've never owned a Ford before, but you're damn sure that my next one will be.