Home > Recruiting > Bailouts, Regulations, and Protected Corporations

Bailouts, Regulations, and Protected Corporations

Here in the U.S. we have some really well established industries and large corporations. There are some positives there. They employ a lot of people and they provide business for vendors and suppliers.

But do we need them so much that we should bail them out when they take too much risk or fall on hard times due to mismanagement and waist? Should we allow them to push for regulations that protect their position and keep out competition? I think we would be much better off letting them survive or fail without that type of help.

If the auto industry was not bailed out a few years back, would we have cars and automobile manufacturers today? You bet we would. New ones that compete with new products in open markets and, I believe, that provide more business for suppliers and vendors since there would be more players competing for the business. Open markets, free of regulations and definitely free of bailouts and political help, are much better for everyone. More business, more innovation, more jobs, more recruiting.

Todd Kmiec
Todd Kmiec and Associates

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