What is the purpose of a government? Should a government bail out industries in trouble? When are we going to stop supporting the losers with our money?
Are we also going to help the Japanese automakers? Why not? They are not in trouble? Why? Because they keep up with technology, market conditions, and consumer needs.
We need to make the economic players understand this is a market economy. The risk is that we are slowly sliding into the European type of democratic socialism we love to criticize because is causing slow growth in their countries.
Are we losing our zest for competition and winning? This is what has made this country great. What is happening to us!
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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