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Reply to "Buy out Berbice River Bridge for public good – overseas economist to Govt - Says Our Bai TK."

caribny posted:

Private investors shouldn't be bailed out from their mistakes. Let them ho bankrupt and the gov't will then acquire it.  Jagdeo's friends, knowing that they cannot increase tolls, want to be bailed out from their bad investment.

He is not advocating a bail out but a take over. The only reason available to prevent a government take over is the supposed flight of investors when the government do not keep their word. However, the present controlling company has very little skin in the game and this is mainly a crony capitalism scheme with the government investing the most. It is not amoral to simply step in and save an asset the government owns and also to prevent price gouging of citizens on a vital infrastructural asset.

FM
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