Dear Mr. Senator/Congressman,
Thank you for your response to my concerns about the bailout for Detroit. But the simple fact remains is that we then no longer are a capitalist country but a socialist country. The beauty of capitalism is that the market dictates those companies who will fail and those who will prosper and this is the result of millions of rational decisions that buyers and sellers make every instant of every hour of the day. In turn companies are rewarded or not based on what decisions they make in turn. If the government meddles then these signals are corrupted and neither people nor companies know how to act anymore in their own self-interest.
The fact that Toyota outcompeted Ford is a good thing for the economy in that it brought the prices of vehicles down and the buyer won because he got a good product at a reasonable price. So then if this is true the question becomes why does government want to prop up a company that made bad decisions over decades?
There's only one answer and I suspect you know what it is: votes. Companies are created and destroyed by people who make good or bad decisions. Government meddling in the market place always has bad consequences. It's been proven time and again. Thank you for your attention to my concerns about our loss of freedom and the increase of government meddling in our lives.
Respectfully,
Citizen for less government regulations and interference in the economy
The fact that Toyota outcompeted Ford is a good thing for the economy in that it brought the prices of vehicles down and the buyer won because he got a good product at a reasonable price. So then if this is true the question becomes why does government want to prop up a company that made bad decisions over decades?
There's only one answer and I suspect you know what it is: votes. Companies are created and destroyed by people who make good or bad decisions. Government meddling in the market place always has bad consequences. It's been proven time and again. Thank you for your attention to my concerns about our loss of freedom and the increase of government meddling in our lives.
Respectfully,
Citizen for less government regulations and interference in the economy
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