Free market economists oppose special favors to Halliburton, Chrysler, etc. because they give coersion-based advantages to politically favored firms with costs diverted to hapless innocents. It's a matter of principle, not expedience. Subjective "success" or failure doesn't even enter the picture.
Such subjective success or failure depends, of course, on where you sit. The loan guarantees to Chrysler was a success to Chrysler shareholders and managers and workers; it was a failure to everyone else, like taxpayers and particularly those who had to pay higher rates for loans, or didn't get them at all, due to Chryslers sucking up capital that would have gone elsewhere in a free market. Loan guarantees to Israel are successful to Israeli politicians and those who got cheap land due to resulting military conquests, but a failure to Palestinians killed or dispossessed, and those who lose freedom of travel by checkpoints and apartheid.
Some of us are against government plunder and redistribution on principle; others justify such with vulgar utilitarianism, apparently not seeing any moral problem with using govt force to screw some while benefitting others. Such corporate welfare need not involve direct subsidies. There are many other ways, including regulating competition, bestowing govt contracts, and loan guarantees (invariably at lower interest than would occur otherwise.)
Here's a good article about how the State perverts competition from improving productivity to get ahead of competitors to reducing the productivity of competitors through government, and the factors that make it possible:
Cut-Throat Competition by Per Bylund
On loan guarantees, free markets [split f/ Political Quotes]
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LaWood
"Cut-Throat Competition"
This is the lamest POS I've ever read on any website. Just theoretical ramblings from an idiot who has obviously never been in enterprise..save
for selling lame articles/books as if that were competitive enterprise. Ask him who is actually paying for his Phd..and can you get a Phd in anarchy.
This is the lamest POS I've ever read on any website. Just theoretical ramblings from an idiot who has obviously never been in enterprise..save
for selling lame articles/books as if that were competitive enterprise. Ask him who is actually paying for his Phd..and can you get a Phd in anarchy.
