Comments by "Straight2Dpoint" (@4evertrue830) on "CNBC Television"
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@feed_me_cookies Sorry, but based on the matter of free market economics/capitalism, i will not support your assessment. Corporations, big or small are not supposed to receive bail outs or any form of stimulus package from the govt or the Fed (backed by govt guarantee most times) for any reason whatsoever. They are private corporations and as private corporations, they are supposed to have slush funds set aside for these sort of situations while operating in a capitalist free market economy. It does not matter if it is covid, a hurricane, earthquake, economic sanctions, tornadoes, e.t.c. They are supposed to know how to prepare for the unexpected. They are in this situation because they have been buying back their shares at the stock market, creating an artificial scenario of good corporate governance which is far from the truth.
When certain govts around the world, especially in the west keep bailing out, or provide stimulus funds to these businesses, the more they get richer & the more they take these administrations for a ride. Such businesses have alternative sources of funds e.g funds from their shareholders, stock market debenture loans, corporate bonds, national industrial bank loans, e.t.c. to help them get back on their feet after the crises. That is how free market economics in a capitalist country's economy should work.
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