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Triage starts in government bailouts: Who will get the money?

Triage starts in government bailouts: Who will get the money?

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Governments throughout the world are now facing heavy activity by lobbyists seeking a bailout by their government. The activity is ferocious, and ferociously competitive, because some lobbies have bigger money backing them than others do, and different politicians owe their careers to different types of lobbies; so, for example, if one politician is funded primarily by the oil industry, and another is funded primarily by the retail industry, those two politicians will probably be looking to save different special interests. Since there now will be an enormous number of bankruptcies, there will be an enormous need for governments to redirect wealth, no matter how opposed to socialism a given government might be. In normal times, the total society’s wealth is rising, and so any such governmental interventions, which result from the routine competitions between lobbyists, are usually for federal funds which are expected to come from the growth in governmental spending. However, at a…
Source: Triage starts in government bailouts: Who will get the money?

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