Okay, it needs to be discussed, but I am far from the economic expert. The House of Representatives will vote today on the revised version of the proposed $700 billion bailout. At best, I can discuss this from a theoretical / logical perspective, and then I’ll leave it up to you to toss out your opinions and concerns.
Capitalism Presumes Risk
The very nature of free enterprise presumes risk. You are free to do your darnedest to create and build a successful company. You willingly assume the risks and rewards that come from such an endeavor. That’s how it works. That’s the only way it works.
Along the way, your company may grow to employ hundreds or thousands of people. You have then supplied hundreds or thousands of jobs. Good for you. Families are fed as a result of your entrepreneurial vision. But what about when your business fails?
Hundreds or thousands of people lose their jobs. Investments in your company are lost. Why doesn’t someone bail you out? Maybe because it’s your company. Maybe because no one owes you anything.
But think of all the people who will be affected by the losses! Yes, think of them. But think of them when you are in the process of building the business. Think of how every action and decision you make affects the lives of other people. Think about how you can bless or curse your city by the way you handle your business. And realize that the responsibility of these effects lie squarely upon your shoulders.
But the entire country will suffer if this business fails! Yes, it could and very possibly would. That is the price of success – influence. You grow, you influence. These aren’t new principles. And if the country is leaning too heavily upon unsound businesses, the country deserves every bit of trouble it receives when those businesses fail. Make no mistake about it, there is a consequence for every action. Consequences are not to be feared. They are the great equalizer and stabilizer. No, don’t fear consequences. Rather, fear ignorance. Fear foolishness. Avoid them at all cost. Take more time to evaluate the companies you invest in. Ask more questions. Do more research. Evaluate each business from a moral and ethical standpoint.
Bottom Line: Know what you are getting into. If you make a mistake, accept your lumps and move on. This is the natural course of things.
The United States government has no business in business. They set rules and regulations. They do not rescue poor business models. To do so is to cross a line that will have terrible effects years down the road. The short and easy route to bailout does not seem logically sound. It is the reaping consequences of actions sown that affords us the insight, understanding, and motivation to live differently.
If you want a government that controls the fates of businesses, take a look at communism. I hear it’s really successful and awesome.