According to those leaning to the left, government can outperform corrupt “capitalists.”
But we have the perfect example of how government manages
politics.
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the orders were then mostly rescinded, by political influence.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 those 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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