printThe greater the incursion of government into markets, the less quality control consumers are able to exert over the products they purchase.
GM (Government Motors) has been propped up by “government-backed guarantees,” on the backs of taxpayers. That’s government’s SOP (Standard Operating Procedure).
Government Motors was further inoculated against legal liability by filing for Chapter 11 protection, or bankruptcy.
“Immunity is pure cowardice,” complained a plaintiff. “They are hiding behind bankruptcy.”
You got it. That’s what government-supported bankruptcy did for Government Motors. It conferred “legal immunity from liability for deaths or injuries in accidents that happened before the current company was created out of the government-supported bankruptcy in July 2009. It was left free of old claims and lawsuits and those remained with ‘old GM,’ which holds assets and liabilities that did not go with the ‘new GM.'”
People have to make up their minds, for once and for all. Do they wish to rely on the benevolence of market forces or the malevolence of government force.