| thinking aloud |
 thinking aloud
|
Jun. 20th, 2009 @ 06:30 pm 
|
|---|
Is it just me, or would it have been substantially cheaper for the US to let the mismanaged companies (like the car manufacturers) fail, and have the government cover people's wages while the economy was rebuilt on more sound lines? Pay people, I don't know, whatever an average/reasonable wage is in America, and set up public works projects rebuilding the inner cities, repairing schools and roads and bridges, that kind of thing, scrap all the crap that got us all into this mess and start over?
It's not like there's not plenty to do, even if you have former white-collar workers cleaning graffiti off the walls...Current Mood: critically depressed, going for a walk
|
The problem is that the car industry supports a metric ton of other industries. Study here. My husband worked for some years for a company that I could pretty much guarantee would go under if the auto industry failed, even though they've tried pretty hard to diversify in the last decade or so. I do think there should be some new public works programs, though.
The bailouts could all have been managed better. Over here, when they bailed out the banks, they should have nationalised them properly, instead of giving money to the same people who have been mismanaging it!
I think they're all suborned by a form of capitalist dogma which isn't a real free market - which would allow the overextended banks, the car industry etc. to fail - but which doesn't want to help the actual victims of capitalism.
Instead of giving money to banks, while still allowing them to throw people onto the street, why don't governments allow a public body of some kind to buy up the properties where people can't pay the mortgage, and have the people pay rent instead?
|
|
| Top of Page |
Powered by Dreamwidth Studios |
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
