[Peace-discuss] Auto bailout - gas guzzlers guzzling more than gas?

[LAURIE SOLOMON]

Try this on for size:  If a company is too big to let fail, it should be
nationalized since it is no longer a private operation with only local
impact and consequences but a national operation with societal impact and
consequences.  The whole notion of Capitalism and free enterprise was, as I
understand it, based on small local enterprises owned and directly run by
entrepreneurial individuals whose own money was at risk so as to justify
their getting the profits.  It was not based on large national and
international corporations run by hired managers who have little personal
stake in the corporation other than employment and are protected by "Golden
Parachutes" on behalf of institutional stockholders and third party
investors who have little actual control over operations.

If these corporations are going to use national resources and have such
significance to the national economy and the lives of so many individual
citizens, then they should be owned and operated by the citizenry for the
benefit of the common good of the citizenry under governmental supervision
and control.

-----Original Message-----
From: peace-discuss-bounces at lists.chambana.net
[mailto:peace-discuss-bounces at lists.chambana.net] On Behalf Of E. Wayne
Johnson
Sent: Saturday, November 15, 2008 12:47 PM
To: kmedina at illinois.edu
Cc: peace discuss
Subject: Re: [Peace-discuss] Auto bailout - gas guzzlers guzzling more than
gas?

Just simply let the big companies fail.  They eventually will anyway, and
bailing them out only prolongs the agony and intensifies the impact.
If the tree doesnt produce good fruit, why do we burden the ground with 
a bad tree?
Cut the dead trees down, and make room for good new trees.

If there is any benefit to the society from domestic auto production, 
some wise
entrepreneurs will rise up and start producing cars again, or mopeds or 
bicycles or 3 wheel bikes, etc. which they could do
now if they were not being crowded out by the giants who use government 
regulations as
a barrier to competition and entry of useful new small businesses. 

Deep psychological blow? 
Oh my dear. You break my heart. Things are tough all over guys. 
But hey. I understand.  Here's a hug and a hanky.

Karen Medina wrote:
> Ricky wrote: >   
> http://www.bloomberg.com/apps/newspid=washingtonstory&sid=aBlCucXR33Jw
>
>
> "The failure of those companies would likely bring down parts-makers,
dealerships 
> and suppliers in addition to inflicting a deep psychological blow."
>
> The whole argument about "too big to fail" is frightening. I think there
should be 
> restrictions on how large any company / bank can become. Wouldn't a bunch
of 
> smaller companies create a more competitive environment? Allow the
industries to 
> change directions a bit faster? Spread out the profits? Have fewer
extremely high 
> paid individuals? Be kinder to their workers? Lay off fewer people in hard
times? 
>
> -karen medina
> _______________________________________________
> Peace-discuss mailing list
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>
>
>   
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