Jyoyo1, ideally they would want to bail out failing corporations, then call them evil and then send govt bureaucrats to control the production, and somehow this is going to benefit the consumer. amazing solution!!!!!
hahha, this is a classic!!!! john kenneth galbraith, the father of james, wrote in his work the new industrial state how GM is a huge corporation that is dominating its market and controlling prices, so it needs to be regulated. well, since then GM has been losing its share of the car market until it finally collapsed during the recent crisis until the gov't bailed it out. instead of letting the market educate it, we bailed it out the thanks to people like galbraiths.
Jyoyo1, ideally they would want to bail out failing corporations, then call them evil and then send govt bureaucrats to control the production, and somehow this is going to benefit the consumer. amazing solution!!!!!
ratkukokoto1 1 year ago
hahha, this is a classic!!!! john kenneth galbraith, the father of james, wrote in his work the new industrial state how GM is a huge corporation that is dominating its market and controlling prices, so it needs to be regulated. well, since then GM has been losing its share of the car market until it finally collapsed during the recent crisis until the gov't bailed it out. instead of letting the market educate it, we bailed it out the thanks to people like galbraiths.
ratkukokoto1 1 year ago