I’m not agreeing with it but if it were socialism we would at least have public ownership of the bailed out company. Any bailout would just be corporate welfare with little return
The bailout should transfer ownership to the public. Employees and (sane) products/services can stay, the idiots who tanked the company can shuffle off.
Socialism would do what the majority of people wanted it to do, it’s not a benevolent entity the marches through society and fixes everything. It’s merely a tool for society to use to more directly appease the masses needs.
It’s not socialism, it’s welfare.
only if you consider companies as people.
I’m not agreeing with it but if it were socialism we would at least have public ownership of the bailed out company. Any bailout would just be corporate welfare with little return
The bailout should transfer ownership to the public. Employees and (sane) products/services can stay, the idiots who tanked the company can shuffle off.
That’s the same with socialism, though.
Socialism would do what’s best for society.
Socialism would do what the majority of people wanted it to do, it’s not a benevolent entity the marches through society and fixes everything. It’s merely a tool for society to use to more directly appease the masses needs.
Welfare? For billion dollar companies? That’s rich.
There’s a ton of precedent. Welfare for the rich is justified all the time while those who truly need it are less and less