Canada is a failed state

[Betonhaus]

Just them collapse, they gambled, lost and now the tax payer shouldn't cover their ass. The longer you put these things off, the worse it gets.

Companies need to fail, so that better, smarter companies can enter the market in their place. Preventing this, rewards bad business practices and poor leadership. If you postpone the collapse for too long with too many bailouts. Then competition leaves the industry or gets bought out by the bad company as the industry consolidates. Unable to compete with the poorly managed receivers of government largesse. So the crash becomes bigger and there is no one to take the place of the failed company. So you lose years of productivity as another company moves into to service the market having to grow from nothing. Or, the industry just ceases to exist in any meaningful way.

If you follow the money, it’s actually another bank bailout. All these unsold properties the company has used as backing for loans from the banks.

 

[OutInTheRain]

If you follow the money, it’s actually another bank bailout. All these unsold properties the company has used as backing for loans from the banks.

Good they can collapse too.