The problem is that capitalism has broken down.
20% of publicly traded companies are zombies. Their earnings are below what they need to pay INTEREST on their debt.
Government is bailing out inefficient companies, whose assets would otherwise be sold off to more efficient operators.
The problem is that capitalism has broken down.
20% of publicly traded companies are zombies. Their earnings are below what they need to pay INTEREST on their debt.
Government is bailing out inefficient companies, whose assets would otherwise be sold off to more efficient operators.