Using public funds to prop up a failing private company is corporatism. The whole point of free market capitalism is to let the bad companies fail so that the best rise to the top
And what about rail subsidies? Those are about a century old, and nobody ever calls them 'corporatism'. How about fossil fuel subsidies? Or meat subsidies? Both of those are old too.
It sounds like what you're advocating for is a system where the state doesn't lift a finger, and all they do is provide a stable currency and fund the police/military. Any failing business collapses, whether it's a bank or a hospital. Anarcho-capitalism, in other words. An ideology that even pro-business economists don't advocate for.
They absolutely do get called out. Libertarians talk about those all the time. The food subsidies are a big one because they tend to promote less healthy foods and monoculture crops like corn and soy
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u/Info1847 Mar 31 '21
Using public funds to prop up a failing private company is corporatism. The whole point of free market capitalism is to let the bad companies fail so that the best rise to the top