GM apologizes. Apologizes?
Whereas it is right to forgive individuals for making mistakes, and to extend compassion in times of need, for corporations there is only one remedy: the death penalty. Thankfully, it need not be executed by anyone, or by anyones. (That is any particular collective.) The deed has been done by GM itself. It made market predictions which turned out to be wrong, so we fired them. Let it die!
Attempts to rescue the corporation will only raise the price of resale (like subsidized tobacco land) making it more difficult for a buyer to come in and put the existing physical capital back to work. Rescue efforts will create a worse lag in the time it takes for another firm to put GM’s machines to work doing something else, and a longer period of unemployment for autoworkers.
The battle today is not over employment, but over promised benefits. If GM goes out of business, then obligations to pensionees disappear with it. These people will be left in the lurch. I have a few suggestions for them:
1. Sue GM. Good luck.
2. Go back to work. Disasters happen to people, not corporations. People lose houses to floods, cars to wrecks, they sometimes lose their life savings when a loved one contracts a terminal disease. When disaster strikes and you lose everything, you sometimes have to pick up the pieces and start over again. When that happens you don’t have a right to help from the government.
Let me repeat. No one has a right to help from the government when disaster strikes. Look up Davy Crockett’s “Not Yours To Give.” It is not in the Constitution for the government to aid some citizens at the expense of others, and it is immoral to force some people to pay for the misfortune of others.
3. The church should rise up and help those who are not able to start over. The church – no one else – has a responsibility to Christ to help those who are in need, because we alone have accepted the costly grace of our savior.
We do not forgive corporations. We kill them. We take them out to the chopping block and consume their various parts elsewhere in the economy.
Disasters are awful. They happen all the time. It’s none of the government’s business. The government should not be there to help us. It should be there to keep us from hurting each other, and it should be kept small enough that it can’t do any harm, either.
Kill the big three.
Originally posted in the comments at God’s Politics