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Quote by: Shade  That's what you have now.
Corporate welfare and bailouts happen because some legislators somewhere pass laws that take money from you and give to the corporations to bail them out.
Democratically appointed bodies certainly don't prevent such things. They actually promote them (as we are seeing now and have seen for generations). |
This is a takeover, not a bailout. Either way the idea is that these companies have grown so huge that allowing them to die of natural causes would crash the economy. This case makes sense. In practice bailouts have been abused in the past, but if you want a much more regular crime you should be looking at oil and corn subsidies.
So in pure capitalism your tax dollars would never go to Halliburton or ConAgra because there would be no one to corrupt but the market would (and has when regulation was lax) go through periodic massive recessions. It is a smaller wish to expect and vote for less corruption than it is to wish for a change in the laws of economics so my position has not changed.