Taxpayer bailouts are common, yet rarely make economic sense. Here’s how to strike a better balance
- Written by Susan Stone, Credit Union SA Chair of Economics, University of South Australia
Most market economists oppose the idea of large corporate bailouts, where taxpayer funds are used to provide failing companies with financial assistance.
Despite this, Australia, and many other economies, seem to be embarking on a golden age of corporate support. My analysis of data from Global Trade Alert shows that in the past two years alone...
