One thing me and socialists have in common, I presume, is that government bailouts for corporations seems like a really terrible idea.
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Because politics works so well, we want politicians to have more of a say in how business is run.
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No thanks. We vote with our dollars. Best democracy you will ever see.
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Since the government caused the problem, it is a bit on them to help fix the problem.
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So, for everyone making the "Why don't corporations have 6 months of savings?" joke:
The federal reserve deliberately causes slow, steady inflation specifically so corporation and billionaires DON'T do that.
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I used to feel that way, but changed my mind (somewhat) when I found out that bail-outs are generally short-term loans that the government generally makes money on, and not just free cash gifts.
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The details matter. Would you be okay if the government lent money to companies with strings attached that dictate everything from CEO pay to a good rate of return, if the company survives?
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I started reading Principles for Managing Big Debt Crises, and it makes a strong case that despite the moral hazard of supporting failing institutions that made bad calls, it's super important for mitigating financial collapse across the board
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the opposite is true. government intervention distort markets (= socialism).
bankruptcies are one of the most important signals in capitalism.
if there is an airline that goes bankrupt and no new one is formed after that it means resources went to the more optimal location.
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