Quote:
Originally Posted by RainMaker
So did Circuit City. Does having past success mean the government needs to subsidize your losses and give you a competitive advantage forever?
|
Lets be clear and say that forever is a long time and I don't think I said or implied it. With that said ...
Not sure if you are comparing the relative importance of Circuit City to IB, Banks, Auto companies during the GR because that was the context of the quote? If so, don't think its a good comparison. In order of relative importance/repercussions to the economy and market, Circuit City is insignificant.
If you are bringing Circuit City in the non-GR sense, where they produced in the past and then floundered with competition ...
No, government doesn't need to get involved because the market and IB could have kept CC afloat if they thought them worthy of it.