Crony Socialism

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


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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