Comments by "Paul Aiello" (@paul1979uk2000) on "Bankruptcies benefit customers. Bailouts benefit corporations." video.

  1. Harsh but there is a lot of truth in what's being said, if people and businesses keep getting bailed out, they will not learn and worse yet, they'll create a bigger problem next time round and want another bailout. It's crazy how little savings most of the public have in so many countries that they live more or less pay check to pay check that without work for a few weeks or months, they are in deep trouble, it's the same with businesses, it's like they are living on the edge that the wheels need to keep moving at all times and the moment it stops, things look bad for them, you would think in this day and age that people and companies would put some money aside for a rainy day in case of hard times but no, they expect the tax payers to bail them out only for us all to pay the price. With all that said, I do think some sectors of the economy need saving otherwise it would do us all a lot of harm but the rest should fend for themselves or get flushed down the toilet and make way for some new blood in the system, they'll learn far quicker that way to be more lean and save more and not be so reckless living day to day, thinking things are stable when anything can change at a moments notice.
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