Its not that I'm anxious to see it happen. The death of GM would be tragic. But boyd, it's how a free market works. It's simply capitalism. If you fail, then you fail. Someone else comes along and takes over. Someone else would of risen GM out of the ashes, had they filed bankruptcy on their own without government intervention.
Here's a little story. When Henry Ford came out with his cars, there was a young man who was at the top of his industry at the time. His industry was the carriage and buggy industry. With the arrival of Ford's cars on the scene, his buggy industry was crippled. He went bankrupt. No one bailed him out, despite the fact that until cars became so readily available his company was HUGE in the transportation department. What did this young man do when his business went bankrupt? Did he pettion the gov't for a bailout? Did he apply for welfare? Nope.... Ever hear of William Durant ??? HE was that young man....and he went on to found General Motors.
When you take the risk out of the free market, when you allow gov't to deem some businesses too big to fail, then it's not a free market...
And for those of you hung up on terms.... LOL, technically it's neither socialim, as I said, nor communism, but fascism. At this point America is now a Fascist country.
What is facism? This is a quote in part (the economic part) from wikipedia on the definition of fascism. If you would like to read more about it....here's the link.... http://en.wikipedia.org/wiki/Fascism
" Fascist governments nationalized some key industries, managed their currencies and made some massive state investments.[citation needed] Fascist governments introduced price controls, wage controls and other types of economic interventionist measures.[156]
Other than nationalization of certain industries, private property was allowed, but property rights and private initiative were contingent upon service to the state.[157] For example, "an owner of agricultural land may be compelled to raise wheat instead of sheep and employ more labor than he would find profitable."[158] According to historian Tibor Ivan Berend, dirigisme was an inherent aspect of fascist economies.[159] The Labour Charter of 1927, promulgated by the Grand Council of Fascism, stated in article 7: "The corporative State considers private initiative, in the field of production, as the most efficient and useful instrument of the Nation", then goes on to say in article 9: "State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management."[160]
Fascists thought that private property should be regulated to ensure that "benefit to the community precedes benefit to the individual."[161] They also introduced price controls and other types of economic planning measures.[156]"
Based on the above definition, who here can say that we're NOT a facist cuntry?
Here's a little story. When Henry Ford came out with his cars, there was a young man who was at the top of his industry at the time. His industry was the carriage and buggy industry. With the arrival of Ford's cars on the scene, his buggy industry was crippled. He went bankrupt. No one bailed him out, despite the fact that until cars became so readily available his company was HUGE in the transportation department. What did this young man do when his business went bankrupt? Did he pettion the gov't for a bailout? Did he apply for welfare? Nope.... Ever hear of William Durant ??? HE was that young man....and he went on to found General Motors.
When you take the risk out of the free market, when you allow gov't to deem some businesses too big to fail, then it's not a free market...
And for those of you hung up on terms.... LOL, technically it's neither socialim, as I said, nor communism, but fascism. At this point America is now a Fascist country.
What is facism? This is a quote in part (the economic part) from wikipedia on the definition of fascism. If you would like to read more about it....here's the link.... http://en.wikipedia.org/wiki/Fascism
" Fascist governments nationalized some key industries, managed their currencies and made some massive state investments.[citation needed] Fascist governments introduced price controls, wage controls and other types of economic interventionist measures.[156]
Other than nationalization of certain industries, private property was allowed, but property rights and private initiative were contingent upon service to the state.[157] For example, "an owner of agricultural land may be compelled to raise wheat instead of sheep and employ more labor than he would find profitable."[158] According to historian Tibor Ivan Berend, dirigisme was an inherent aspect of fascist economies.[159] The Labour Charter of 1927, promulgated by the Grand Council of Fascism, stated in article 7: "The corporative State considers private initiative, in the field of production, as the most efficient and useful instrument of the Nation", then goes on to say in article 9: "State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management."[160]
Fascists thought that private property should be regulated to ensure that "benefit to the community precedes benefit to the individual."[161] They also introduced price controls and other types of economic planning measures.[156]"
Based on the above definition, who here can say that we're NOT a facist cuntry?
