JaDed
T20I Captain
- Joined
- May 5, 2014
- Runs
- 40,830
Honestly companies were allowed to fail before, this modern crony capitalism is the issue, esp since 2008, worst part is not only govn bailed banks out they gave them money so there is no money crunch for borrowing.Overall ( and this isn't directed at you btw just an overall point), I find there is a bit of a hypocricy with western captalism. Most countries seem ok with quite socialist-style policies when they’re used to bail out banks or large corporations, but start calling people commies and want to wait for market forces to react, when the same logic is applied to assisting poorer people.
They did same with airlines too, which has reduced competition in US.
I checked on when these things started happening without an opposition and it seems after 9/11 for airlines and before that it was 1932 lol.. so Us did well until 2001.