Do you think private institutions should ever see government bail-out? -Landon Bakhsh
In my opinion, I do not believe that private institutions should be bailed out by the government. Government bailouts usually come down to the fact that the government is redistributing wealth from taxpayers to corporations which I believe is immoral. First of all, the government is essentially stealing from normal citizens to give to corporations that are already wealthy which means that consumers are generally worse off(Scott). Secondly, bailouts prevent innovations in the market and stifle competition, which usually results in an economy that fails to actually benefit consumers. If a corporation needs bailing out, that means that consumers do not have a need for the products or services that the corporation offers which means that the company needs to either innovate or die. Government bailouts hurt consumers by restricting innovation, stealing from the consumers, and keeping industries around that may not be necessary. Resources are scarce, so consumers should be able to decide with their money how they want to allocate these scarce resources, not the government. In short, I believe that no industry is too big to fail because failure is often one of the best educational tools and motivators. A market without education and motivation cannot improve to benefit the consumers, which is the entire point of corporations providing goods and services in the first place. In my opinion, government bailouts seem to make corporations forgot that their purpose is to benefit consumers and that they are not too big to fail.
Works Cited
Scott, Nathan. "The Problem With Government Bailouts – The Marriott Student Review." The Marriott Student Review – The Marriott Student Review, marriottstudentreview.org/weekly-blog/the-problem-with-government-bailouts/.
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