This is just an excerpt from a broader work. His answer to that is probably in the book.

That said, you raise a good question. Letting a business fail doesn’t necessarily mean a loss of jobs though. Businesses can be bought, even worker bought.

Sometimes, in some industries, maybe there should be bailouts. There should be accountability to go with it though.

Consider your example of GM. What if as part of that bailout, all the execs got canned for mismanagement and a worker board was instituted? What if the bailout was under terms toward fiscal accountability? What if as part of the bailout, the company was prevented from shareholder profiting until the company can prove it is investing profits back into itself and a rainy day fund wwand not stockholders so it’s on sound financial footing?

What if the government bought the company on behalf of the workers who then would pay back the “loan" over time out of what would have been shareholder profits and would then own their own future?

There’s other things to try than letting a company like United Airlines file for bankruptcy 66 times. We can’t go on like this, that much is for certain. In other countries, the bank execs who’s policies led to the crash in 2008 got jailed. Yep. Jailed. Taken to court and tossed in the clink. Shamed. Removed from positions of doing more harm.

We gave ours a raise. We always give ours a raise. And the bailouts get bigger and bigger every created disaster. There are never consequences for financial ruin. Our kids and grandkids pay the bill. I don’t know about you, but I’d like to see more good old fashioned frog marches. Silver bracelets should be a real consideration for corporate severance packages.

Just going after a few would lead to change. They’d learn that if they want to keep their businesses they have keep them sound and they can’t do it by exploiting workers or the future anymore.