Archive

Posts Tagged ‘auto industry’

Free Market: Something None of Us Have Experienced

August 11, 2010 Leave a comment

For those who continue to say that the free market failed us the rest of us have to understand that they do not know what a free market is. In fact none of us have ever experienced a free market system in our life time. With subsidy’s given to farmers prices are set artificially rather then by a free market system. When companies like GM fail because of bad decisions made by management and bad union contracts a free market system would let them fail not bail them out with tax payer money. Failure is not a bad thing and is the key component to success. A company that fails shows others what should not be done and allows other companies to step up and take their place. There is something called “bankruptcy” that can be used by a company like GM to start over and leave its bad polices and contracts behind. Read More