Vodkapundit

By Stephen Green

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Crony Socialism

May 12, 2009 - 10:43 am - by Stephen Green

How would you like to invest $80 billion in a dead-company-walking over the next couple of years?

No?

Well, what if I told you that company was producing mostly sub-standard products in a mature, highly-competitive industry?

Still no? Huh.

What if you also knew that the company’s one interesting product might never see the light of day, but if it does, it won’t sell without massive subsidies and even then in numbers too small to save the company?

What — you’re still not interested?

Well, how about if I told you, “Tough cookies, buster — you don’t get to choose your investments anymore?”

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1 Comments, 1 Threads

  1. 1. physics geek

    This sounds suspiciously like a post that’s critical of The Won, and is therefore deemed RACIST and is therefore deemed illegal. Please wait until the thought police arrive to arrest you.

    May 12, 2009 - 12:18 pm   Link to this Comment