Friday, March 27, 2020

Corporate Socialism: The Government is Bailing Out Investors & Managers Not You — Nassim Nicholas Taleb

The U.S. government is enacting measures to save the airlines, Boeing, and similarly affected corporations. While we clearly insist that these companies must be saved, there may be ethical, economic, and structural problems associated with the details of the execution. As a matter of fact, if you study the history of bailouts, there will be....
Incerto
Corporate Socialism: The Government is Bailing Out Investors & Managers Not You
Nassim Nicholas Taleb (With Mark Spitznagel)

1 comment:

Ralph Musgrave said...

I'm opposed to this mass bailout of stock exchange investors too. My basic reason is that the free market has perfectly workable solutions to the sharp and temporary fall in demand the Corona crisis has caused. I just put an article on my own blog giving more details on that:

https://ralphanomics.blogspot.com/2020/03/theres-no-need-for-government-to-bail.html