Let's privatize profit and socialize risk!

[Griff]

That is just a rationalization, isn't it? If they are allowed to fail, as opposed to being punished as in confiscatory taxation, their assets become available at a reduced price for someone who may be able to manage them more responsibly.

[classicman]

We subsidize drug companies, oil companies, agribusinesses disguised as “family farms” and “clean energy” firms that aren’t energy-efficient at all. We give tax breaks to immensely profitable corporations that don’t need the money and boondoggles that wouldn’t exist without government favoritism.

Isn't there now enough friggin profit in these sectors that the subsidies can end? Weren't they originally intended to get things going? Well they're apparently going really well. Its time to stop.

Take Barack Obama’s initiative to double U.S. exports in the next five years. ~~~ We’re lending money to foreign governments or companies so that they’ll buy from Boeing and Pfizer and Archer Daniels Midland. That’s good news for those companies’ stockholders and C.E.O.’s. But the money to pay for it ultimately comes out of middle-class pocketbooks.

Grrrrrrr

[Spexxvet]

Originally Posted by Griff

That is just a rationalization, isn't it? If they are allowed to fail, as opposed to being punished as in confiscatory taxation, their assets become available at a reduced price for someone who may be able to manage them more responsibly.

Yeah, that capital, or those assets wouldn't just disappear.

[classicman]

For those of you interested, take a look at this article.... note the author.

America Builds an Aristocracy

[Lamplighter]

Bernie's nom-de-plume

[xoxoxoBruce]

Take Barack Obama’s initiative to double U.S. exports in the next five years. ~~~ We’re lending money to foreign governments or companies so that they’ll buy from Boeing and Pfizer and Archer Daniels Midland. That’s good news for those companies’ stockholders and C.E.O.’s. But the money to pay for it ultimately comes out of middle-class pocketbooks.

Loans should come back with interest. I don't think that's bad.