The free market economy is all about letting companies with poor management
fail. In 2008, the government bailed out trillions of dollars worth of poorly managed companies and left that bad management in place. They are now doing it once again with the new market crash. A company that fails does not disappear, it goes into bankruptcy and better managers buy it. Nowadays, only poor people and middle class people are allowed to go bankrupt. The rich get bailed out by the poor and middle class when they screw up.
Right now, the government is spending trillions of dollars propping up poorly run big banks through the Federal Reserve and poorly run big companies. Companies that should be growing bankrupt won’t. Trump is already said he is going to give his own company the Trump organization a ton of taxpayer money. A lot of other poorly run organizations are going to get the same thing.
Small businesses are going to be crushed or kept small because they cannot get the same level of bailouts at the banks and big companies are getting from the old boys network.
This is not capitalism, this is the worst type of socialism. This is corporate socialism which is far worse than individual socialism as it creates a ruling class that cannot be removed by the market.
This is incredibly demotivating for me as an entrepreneur and for everyone involved in starting and growing companies. This means that there’s a glass ceiling and unless you’re
a contributor or a member of the old boys network, you’re left out in the cold.
The American Revolution started over unfair taxes by the British upon the colonies in America. Right now, we in America are seeing far more unfair taxes being levied upon startups, entrepreneurs, the poor, and the middle class to bailout Wall Street fat cats, incompetent corporations, and their dirty politicians.
Thomas Jefferson said freedom had to be refreshed with the blood of tyrants
every generation. We have not bled the tyrants in many generations, so I guess this is what we get. If anyone wants to start a new American Revolution to bring back free markets and a real democracy / republic, I’m on board.