Where to get your dead duck put on life support
An interesting survey over at World Public Opinion, covering interpretations of the recession etc etc. There is a lot of interesting stuff in it, but for now I will focus on this question:
Do you think that, in the current financial crisis:
A - The government should use public funds to help large manufacturing companies in trouble because if they fail it damages the general economy and too many people lose their jobs.
Or B - The government should not use public funds to help large manufacturing companies in trouble, because they are likely to fail anyway and the economy will be more vital if weak companies are allowed to fail.
And the Americans are the keenest on letting the survival of the fittest, with 70% opting for B. We manage a fairly creditable 36%, with hawks to be found in Kenya, Taiwan, Honkers and Indonesia, all at 40%+.
Dead ducks can look forward to a long and fruitful afterlife in Ukraine, Nigeria, Turkey, China and Pakistan, with 70% in favour of bail outs.
Do you think that, in the current financial crisis:
A - The government should use public funds to help large manufacturing companies in trouble because if they fail it damages the general economy and too many people lose their jobs.
Or B - The government should not use public funds to help large manufacturing companies in trouble, because they are likely to fail anyway and the economy will be more vital if weak companies are allowed to fail.
And the Americans are the keenest on letting the survival of the fittest, with 70% opting for B. We manage a fairly creditable 36%, with hawks to be found in Kenya, Taiwan, Honkers and Indonesia, all at 40%+.Dead ducks can look forward to a long and fruitful afterlife in Ukraine, Nigeria, Turkey, China and Pakistan, with 70% in favour of bail outs.
Labels: Sane economics, surveys
This entry was posted
on Wednesday, July 22, 2009 at 8:59 am.
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The worst aspect of the bailouts and the positioning of the same favoured businesses through collusion to ride out the recession is that the same teams win every time.
To me, capitalism means the ability of anyone to start up a business and get initial support in it but this is not the reality. The reality favours monopoly - see Capitalists at work today.
I have seen it theorised - not sure where - that it is decaying / dying businesses that are the most enthusiastic lobbyists, in part because younger businesses / companies are too busy breaking paradigms, making money etc etc. Sounds more than credible to me.
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