5 thoughts on “More Good News”

  1. Sinking government money into failing corporations seldom works. It generates nice warm fuzzy feelings about “saving” jobs in the short term. However in the long term the cash will run out and the corporation will go bankrupt anyway.

    However I suspect without some form of government support the auto industry will not survive. Everyone else does it. Japan, France, Germany, etc. The United Kingdom did not do it and motor companies either went bankrupt or were bought out. Lotus is owned by some Malaysian carmaker. Rolls-Royce by BMW.

  2. For non-productive enterprises like financial institutions

    That is a statement displaying monumental historic and economic ignorance. There would have been no industrial revolution absent financial institutions.

  3. PS: For non-productive enterprises like financial institutions I would be less generous.

    How about for productive financial institutions?

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