Friday February 17, 2012

JAPAN NEWS AND DISCUSSION

When big companies look like going under, should governments use tax money to bail them out?

Poll Sep. 20, 2008 - 04:14PM JST ( 17 )

Order by Time Order by Popularity

17 Comments

0

rajakumarSep. 21, 2008 - 03:23AM JST

Governments should buy up big companies and then sell them off in future at better prices. This ensures jobs for public and functions of big companies go on. Reform at managements and other changes should be implemented in such companies to prevent repeats of mistakes.

These companies should sold off at good prices in future,to recover back public tax money.
0

rajakumarSep. 21, 2008 - 03:26AM JST

correction-These companies should be sold off at good, fair prices in future,to recover back public tax money.
0

rjdsrSep. 21, 2008 - 05:54AM JST

rajakumar,

Governments can't even pave roads efficiently. How do you expect them to manage these firms?
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BadseySep. 21, 2008 - 06:25AM JST

the Gov should buy all companies and jail all the employees or indict forced labor policies = this is the duty of any good socialist country.

-North Korea (role model) -China -Russia
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FarmboySep. 21, 2008 - 07:36AM JST

In general, no. Governments, as rjdsr pointed out, don't know squat about running businesses. When there is a systemic risk for the world markets, though, as was the case with AIG, providing credit with some controls may be necessary. World markets may go over the edge anyway, but some attempt should be made to prevent that.
0

FarmboySep. 21, 2008 - 08:11AM JST

Just want to add that I just read a story about a proposed $700 billion bailout of mortgage securities, more than has been spent on the Iraq war. I think we're in trouble. http://www.nytimes.com/2008/09/21/business/21cong.html?partner=rssyahoo&emc=rss
0

mechadamuramuSep. 21, 2008 - 10:13AM JST

I said no because no company should ever be too big or too essential to fail. That being said, American Republicans pushed an over laxed market where companies were able to lie and cheat and manipulate the market, thereby presenting a false sense of security. Under this system some companies did become too big to fail, and so the government bailout is smart justified, if its accompanied by more regulation.
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mareo2Sep. 21, 2008 - 08:23PM JST

Why taxpayers have to pay for the mistakes of businessmans that keep asking for less regulations when they make money and ask for protection when they lose money? The message that the gov send is ‘‘You can take great risks, taxpayers pay for all if you fail.’’
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buddha4brainsSep. 21, 2008 - 08:42PM JST

Why socialize capitalism? Socialized health care, fire departments, police, roads I can understand, but socialized business I cannot agree with. Remember USSR?
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nisegaijinSep. 22, 2008 - 09:21AM JST

Socialism failed. Miserably! Why we are going back there?
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EurajReturnsSep. 23, 2008 - 12:09AM JST

What an awfully nebulous question.
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rjdsrSep. 23, 2008 - 01:29PM JST

The US is going more towards communism than socialism
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moonbeamsSep. 23, 2008 - 04:42PM JST

I voted yes to secure the jobs of the employees.

The leadership should also be removed. Without pay.
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KitsuneYoukaiSep. 23, 2008 - 11:48PM JST

This is not a yes or no answer. It depends and there should be criteria that mustbe met. Remeber that these companies have a lot of people working for them so, letting them go under jsut like that is placing people in unemployment status. It is a spiraling affect; the heads of these companies are not he only ones that pay here.
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mareo2Sep. 24, 2008 - 12:44AM JST

Is the point is help the employes, I think that the gob can help with money to the new unemployed and still save a lot of money.
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helloklittySep. 25, 2008 - 12:15AM JST

There will be some pain, but letting the crisis burn itself out is the right thing to do.

How many of you know really rich kids? Were they decent people? Probably a few, but most get pretty lazy. Not much incentive to do otherwise.

Another question which could be posed: Should we let the FED continue? They are like this drug dealer who says, "I'm not making people use drugs." Well, they sure are facilitating it. That's why we have all this negative equity in the U.S.
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realistSep. 26, 2008 - 01:42AM JST

Let these stupid bankers go bust. Tax-payers money should not be used to bail out these morons.