Why Companies Should Die

February 8, 2011   |  
Auto Companies Should Die

For all Obama’s talk on innovation and entrepreneurship, he sure spends a hell of a lot of out money propping up old industries which need to fail, for example all of the billions that were thrown to GM and Chrysler. If those companies were allowed to die, then maybe a number of those more enterprising employees would have started a thousand new companies, all vibrant, new, innovative concerns. And if he’d thrown off the heavy heavy yoke of regulation around the auto industry, maybe those 1000 plus new companies would be able to come up with a “green” car which gets 200 miles per gallon and does not need to use a massive, expensive battery, and come in under $10,000. But we will never know. Obama says one thing “innovation and entrepreneurship” but rewards the exact opposite.

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