What are some specific examples of Government ran businesses failing?

B

Brian

New member
I'm debating a friend, and he wants specifics, not generalities, so it won't work to say "Every socialized business fails"...he wants specific examples.

I asked this before, and I got examples like:
Fannie Mae and Freddie Mac (which won't work because they collapsed because of deregulation, and they weren't govt. owned when they collapsed)
Post Office (should work)
Medicare and Medicaid (should work)
Auto Industry (Probably won't work because we haven't seen results yet)

I want specific examples of Government Takeovers that have failed besides these, can you think of any? Thanks
Amtrak should work, that's a good example. But all the other ones don't look good. The USSR obviously wasn't in the US and GM wasn't government owned when they collapsed, so I doubt that would work.

Are there any examples at all???
When I say "should work," it means that the conservatives win that argument...
 
Amtrak is a great example of how government provides billions of dollars to competitors which in turn makes the current business go bankrupt and requiring a government takeover.

http://en.wikipedia.org/wiki/Amtrak

It is the same thing that happened to the US auto industry, Federal, state and local governments provides tax incentives, allowed for non-union workers at lower wages to foreign automakers to build cars in the USA. The result is the opened the market to the foreign automakers, provided them with a competitive advantage over US automakers and over a period of 25-30 years, saw US automakers share of the market reduced and drove the companies into bankruptcy.

You can argue that the US companies should have adjusted but the fact remains the government gave a huge competitive edge to foreign companies.

That is why there should be no public health insurance alternative, the government does not need to make a profit, doesn't even concern about a balanced budget, they can just put more taxpayers dollars into the program.

As with any government involvement where there exists a private sector business, it will just lead to driving those companies out of business.
 
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