What Mr. Moore is describing is NOT capitalism, where failed businesses are allowed to go bankrupt. What he is describing is a little thing called mercantilism. And I suspect that what REALLY bothers Mr. Moore isn't that government favors businesses that are "too connected to fail", but rather, WHO actually ends up getting the money.
He wishes to decry the fate of all those people in Detroit who have lost their jobs, but I have a hard time doing that, considering that I've never had a job making thirty dollars an hour standing on an assembly line.
Until we start accurately identifying the problem as being mercantilism, we'll never stop having these problems. But the problem with accurately calling it what it is, is the fact that, once we realize that the problem is government interference in business, the pet projects that "progressives like Mr. Moore favors would ALSO be defunded. And we can't have that, now can we?
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What Mr. Moore is describing is NOT capitalism, where failed businesses are allowed to go bankrupt. What he is describing is a little thing called mercantilism. And I suspect that what REALLY bothers Mr. Moore isn't that government favors businesses that are "too connected to fail", but rather, WHO actually ends up getting the money.
He wishes to decry the fate of all those people in Detroit who have lost their jobs, but I have a hard time doing that, considering that I've never had a job making thirty dollars an hour standing on an assembly line.
Until we start accurately identifying the problem as being mercantilism, we'll never stop having these problems. But the problem with accurately calling it what it is, is the fact that, once we realize that the problem is government interference in business, the pet projects that "progressives like Mr. Moore favors would ALSO be defunded. And we can't have that, now can we?
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