Friday, August 22, 2008

Freedom to fail

by Steve Greenhut

I love cars, but I also love it when the market weeds out the lousy carmakers.

Being a libertarian, I'm often accused of being pro-business, which is absurd. I'm a believer in free markets, and an essential tenet of free-market thinking is that businesses must be free to fail if they are insufficiently responsive to the needs of the consumer. I love it when lousy businesses fail. Unfortunately, politicians from both parties often try to use taxpayer subsidies and government-enforced protections to help out their favorite businesses or to keep them from falling into the "wrong" hands.

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