I myself am having a problem and wondering if Professor sirs can help me here?
If it takes ONE bad business venture and ONE failed company to "prove" the failure of "socialism," then how many bad business ventures and how many failed corporations does it take to prove the failure of capitalism?
In the last ten years or so how many business failures was the government involved in? In how many of these was the governments involvement a cause for the failure , and in the rest an insufficent aid?
The number of businesses that die young is huge, the ones that fail after becoming well established is less but it is still important that it happen.
If the Government had always been as supportive of its "too big to fail" corporations as it now is we would still have six big railroad companys running all of our transport needs. Business failure is an important, necessacery, forseeable and survivable part of a healthy capitolist free market system.
It is very painfull to have several big ones fail at once, this is why competition is better than interdependance.
It is threatening to national sovernty to have the whole system fail at once , which can happen now and then which is why having anti trust laws are worthwile, competition being a good idea, companys that have become too big to fail are big enough to split.
When a business can fulfill a function or the same function can be performed by government , the business ought to be preferred, one reason for this is that the government agency won't die when it needs to.