Capitalism allows for the survival of the fittest and in most part this has been the principle that the American economy has followed. The fit survive and the unfit perish. But then why are so many companies being saved from going bankrupt. There should be left to face the music. Is this the end of capitalism?
The argument that these people offer for saving the companies that are not able to survive themselves, is that, "there would be job losses which cannot be afforded". Why is it that, these people who are so bothered about job losses, never reduce their own compensations to ensure that the jobs need not be cut. I think that increasingly the sense of ownership of a firm in the traditional sense is lost. There is no pride in ownership. A company is just a bunch of shares. Anybody can have as much as they wish to have, so long as they can pay for it. The true spirit of capitalism is lost.
I think that if a company is not doing well, they should just go ahead and cut jobs and try and bring the company back into profitability. In the event that they are not able to do this well enough, they should just shut down. Just because over the years some companies has grown into an over-sized behemoth, does not mean that they have to be saved by the government despite all their shortcomings.
Capitalism should prevail!
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