It's interesting the letter is complaining about the failure of free market economy when in fact it's the very definition of capitalism at work - market darwinism at its best.
Although on a personal level, it is always a sad story when someone's life work fails. But the author is completely unjustified in his claims. He has a store, that sells a failed product noone wants. Why shouldnt the store fail, and how is it not his fault. It's completely the author's fault that his store failed. He chose to sell this failed product, and he didnt take any action to change, before it's too late.
Blaming the government is pure lunacy, the government did not make chrysler fail, it simply refused to bail it out further with more taxpayer money That is free market economy, the very thing the author is complaining about.
Bottomline, your only product went bankrupt, what do you expect to happen to your store that sells it.
I feel sorry for the owner on a more personal level, but have no pity for what happened, it is the way the market suppose to work. Weak fail, so strong can succeed and thus how progress is made.
Although on a personal level, it is always a sad story when someone's life work fails. But the author is completely unjustified in his claims. He has a store, that sells a failed product noone wants. Why shouldnt the store fail, and how is it not his fault. It's completely the author's fault that his store failed. He chose to sell this failed product, and he didnt take any action to change, before it's too late.
Blaming the government is pure lunacy, the government did not make chrysler fail, it simply refused to bail it out further with more taxpayer money That is free market economy, the very thing the author is complaining about.
Bottomline, your only product went bankrupt, what do you expect to happen to your store that sells it.
I feel sorry for the owner on a more personal level, but have no pity for what happened, it is the way the market suppose to work. Weak fail, so strong can succeed and thus how progress is made.