Yet Another GM Bailout
The beauty of a free market (oh, how I wish we had one!) is that companies that act responsibly and perform well (create quality products or services, create jobs, etc.) will thrive and the ones that act irresponsibly (create subpar products or services, take on risky debt, etc) will fail. It’s Darwinism as its finest. If governments intervene and “prop up” failing businesses, they’re doing nothing more than condoning and legitimizing the poor business practices that caused the businesses to
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Tags: Business, Debt, Government, Services