Comment

GM CEO: Thanks for the Money, I Think We'll Declare Bankruptcy Now

41
zombie3/31/2009 11:12:06 am PDT

Frankly, I’m sick of this propping up of failed businesses. It only masks the problem and prolongs the pain.

Let failing companies fail. Let them crash and burn. Take the economic hit. And then let better-run companies step in to fill the gap in the market.

That’s how innovation happens, and that’s the fastest ways for economies to get back on their feet.

But by keeping sick and mismanaged companies afloat with our taxpayer money is a recipe for permanent stagnation.

The road ahead is paved with the corpses of stodgy failed corporations.