Hacker News new | ask | show | jobs
by rbanffy 1636 days ago
Bailouts could be replaced by direct state acquisition of the business (at cost), IF it provides a benefit to society or its demise would create an irreparable loss.
2 comments

Bankrupty process is well understood. Let someone else pick up their physical assets at a good price and build back better.
And this is how it should be because bailouts are done with our money, which means the public need to have some level of control over them afterwards.