There's something fundamental about the need for failure
We're tinkering with the genetic DNA of a capitalist society
Syd Finkelstein
Think Again: Why Good Leaders Make Bad Decisions
If the natural cycle of laissez faire capitalism
revolves between risk and aversion
what should happen if government intervention perverts the process
to forestall short term economic pain?
If the government selectively subsidizes some businesses
could those looking to purchase homes, cars and energy
be obliged to pay higher prices and taxes to fund the subsidies?
The unprecedented aid to the private sector
may also unleash new problems
the way antibiotics have generated stronger strains of bacteria
Before “failure” became an unspeakable word
entrepreneurs understood that most business ventures in America fail
producing acute lessons
that have helped make America fabulously prosperous
In the 1870s, for instance, there was a five-year depression
followed by a historic era of mechanization
that destroyed old industries and generated new ones
at a pace nobody had ever seen
Downsize the biggest firms
until they are small enough to let fail
Once they’re out of the way
better-run firms will be able to take their place
and free enterprise will no longer come with a government warranty
How Bailouts Can Butcher Capitalism
Does government intervention delay real recovery?
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