Jan 292009

When the economy is well, we constantly hear from businesses about how government should not interfere with business; that anything the private sector does is sacred, and the public sector is at best pathetic. They complain the most about regulation but government support for problematic businesses frequently comes up to. And of course whinge constantly about taxation on business.

Of course any business that needs support from the government to survive is pathetic and probably should fail.

But wait! Come this recession, we are seeing speaking heads from businesses in droves demanding that the government bail their business out. Somehow because there is a recession on, all the traditional rules can be ignored and businesses need support from government.

Sure perhaps we do need to use public money to help out businesses that would otherwise fail. After all reverting to 19th century economics like the Conservatives seems to have done is likely to be far worse. But that does not mean they should get a free ride – we should remind them that businesses usually ask to be left alone, and that goes two ways.

And of course put up taxes on businesses a tad, to pay back the money over the long term. And every time a business complains about high taxes, remind them of these times when government was spending money to help businesses out.

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