According to some, government can outperform “corrupt capitalists.” And we have the perfect example to show how government manages..
General Motors decided to close dealerships after the government took it over. Closed dealers contacted their congressmen and senators, and the orders were then mostly rescinded, by political influence. Valid business decisions became arbitrary decisions. The exact opposite the administration promised would never happen, when it took over GM control.
Politicians need voters; they cater to voter pressures. That means private industry employees will lose out to political influences over time.
Business people need profits and do what they must to get them, or they go bankrupt. Bankruptcy resolves problems. Otherwise difficulties fester for years at taxpayer expense, as they do under government control.(See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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