points by velcrovan 4 days ago | 0 comments
A bailout would be a slap in the face when the correct solution is to nationalize them. If they are too big to fail then the government gets a controlling share of equity and we finally start the sovereign wealth fund we should have started decades ago.
[–] _heimdall 3 days ago
[–] _heimdall 3 days ago
Why is it you see a sovereign wealth fund as the right answer? Why should the sovereign own the means of production, and why should the people creating and enforcing laws be the same as those in charge of our economic future?
[–] wtch98 4 days ago
How does that work when the official strategy is "Socialise the losses, privatise the profits"
Though I agree with you a bailout is a slap in the face. In my opinion bailouts shouldn't be legal, governments should pro actively be making sure individual corporations don't become so large that a failure would wreck the economy or national security.