Blog : Capitalism Died From Too Big to Fail

Here is the perspective that the media and government did not give you.

When GM (as an example) was going bankrupt, the government stepped in and saved countless jobs (using your tax dollars).

Yes, this helped the industry, and most likely the entire economy.  However, few talk about all the ways in which this was hurtful to the rightful beneficiary of a potential GM bankruptcy.  Specifically, Ford.

In business, it is massively advantageous when one of your competitors closes down.  As well, running a corporation without the safety net of government dollars would typically incite greater fiscal responsibility and superior governance in the first place.

All corporations are stronger without the artificial intervention that we've been seeing.  Bankruptcies don't represent a weaker economy, they are a sign of growing strength.  The culling out the lame, and the stronger survivors benefiting from their greater operational responsibilities and successes.

Ford would have had much greater revenues, a massively expanded workforce to choose from, and an instant leap in market share.

The government has artificially robbed Ford of this, then patted themselves on the back.

I run a business, and I run it very well, because if I drop the ball, I do not eat.  If the government would just come to the rescue if I screwed it up, then I may as well grab the bottle of Patron on the counter and head down to the beach which I'm looking at out the window. 

But, I'm in here taking the responsibility to live or die by my own actions, and never rely on anyone else - success or failure needs to rest 100% on the Captain of the ship.  Not decisions by government types who couldn't run a business to save their lives.