The list of struggling firms getting US government support to stay afloat is a long one. What this does is reduce the natural correction process built into capitalism - failing firms die, new ones grow in their place. It blunts the dynamism of the US economy. Also, it rewards those who brought failure upon their firms and damaged the larger economy in the process. Bankers, for example, went back to receiving big salaries and fat bonuses on the back of government bailouts soon after 2008. Read The Rest at :
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