General Discussion
In reply to the discussion: "Welcome to Socialism..." (This guy nails it!) [View all]oldsoftie
(12,533 posts)Companies needed bailouts because the "market" was artificially stopped by the shutdowns. When you have an outside force changing/stopping business, bad things happen and have to be accounted for. When you force a corporation to close through no fault of their own, they cannot pay their bills or their employees. So yes, they needed help. Of course some of that help went to fraudsters too, but that happens in massive programs like this.I'm not saying we shouldnt have had the shutdowns, just pointing out that a shutdown is not a normal business obstacle
BUT, it DID show the impact of "just in time" inventory thats been used since the Japanese made it popular decades ago. And how our supply lines could be terrorized by the bad actors we're seeing hack companies. Years ago, a walmart or similar store would have 1-2 weeks supply in the warehouse. Today, much of what we see on the shelves is brought in every 2-3 DAYS instead of weeks. So we see shortages quickly. Not to mention getting too much shit from overseas.