Bailing shit out in 2009 helped save the financial system from collapsing in the United States, and thanks to globalization, elsewhere in the world.
Good, but also bad.
The American auto industry lives on, even the big portions of it which should have been allowed to fail, because you see, if America has been pretty damn good at anything, then it’s failing.
Heavy government regulation prevents that, and contributes to propping up inefficient business operations that end up wasting resources and killing real entrepreneurship.
Still, if America is to survive and flourish economically in this increasingly competitive world, there needs to be a balance and it must fail.
It must continue failing.
Failing forward.
Meanwhile, I leave you with Ayo’s sexy reggae tunes: Help Is Coming!
SudaneseThinker
SudaneseThinker
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Cool Track. I like reggae
USA, and much of the developed world, forgot that TANSTAAFL (there ain’t no such thing as a free lunch).
Is going to be a hard lesson to relearn.
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