Bailouts are unacceptable period. Trained workers, factories, factory hardware, logistics specialists, engineers, patents and so on - they all remain in the economy. That a company fails and goes bankrupt is not a bad thing. It’s just that company. Not the industry as a whole. If there are no additional mechanisms.
Somehow Americans seem to have forgotten that the kind of “capitalism” which gets defended is about this exactly - a company goes bankrupt, too bad. There are other companies which will hire its workers and buy its assets. Possibly new companies created by its former employees. Its shareholders have gambled and lost, well, their problem. That’s what an unregulated market is, by the way, and not bailouts to big fish and horse dicks for small fish.
If something works differently - workers don’t find a new place to work in, factories go to scrap metal, engineers go flip burgers, patents are collected by trolls, and new companies are not being created, - then something has been broken by an existing policy.
Patents are the worst of it, but also non-compete clauses, legal impediments for creating new businesses, legal expenses making it harder, - these things have to be removed.
I mean, people on Lemmy love to dream of something like what you list, those things are good, but maybe fixing some basic things about what you already have is no less useful. Especially since these fixes do not cost any money to maintain, while, well, pensions and healthcare do.
outhouseperilous@lemmy.dbzer0.com 6 days ago
Okay but see none of tjose are stock buybacks or exec bonuses, so…
zbyte64@awful.systems 6 days ago
So even Canada has lower labor costs because of universal healthcare.
outhouseperilous@lemmy.dbzer0.com 6 days ago
Yeah it turns out having infrastru’ture wnd a society is, like, efficient and stuff.