If a business fails it fails. Period. No government aid.
If a business that fails is vital to the economy, it is still not bailed out. It is nationalized and turned into a government service. The people who drove it into failure get nothing (except possibly jail time if there was malfeasance).
Later, if there is someone who shows evidence of being able to run the business successfully, perhaps hand it off as a crown corporation for a bit to that person.
But at no point should failed businesses be given government money to keep them alive. That rewards massive failure only.
If a business fails it fails. Period. No government aid.
If a business that fails is vital to the economy, it is still not bailed out. It is nationalized and turned into a government service. The people who drove it into failure get nothing (except possibly jail time if there was malfeasance).
Later, if there is someone who shows evidence of being able to run the business successfully, perhaps hand it off as a crown corporation for a bit to that person.
But at no point should failed businesses be given government money to keep them alive. That rewards massive failure only.
“But what about the workers there?”
Let the workers buy up the company.
Seeing that more and more in my area. I love seeing Worker-Owned.
That’s another great option. Turn them into worker-owned syndicates.