The Bailout Industry

Freakonomics PipeHere’s something whacky to put in your Freakonomics pipe for a good smoke:

Governmental Bailouts: A greater than $1 Trillion dollar industry that didn’t even exist one year ago. Governments around the world are dropping gazillions of dollars, pounds, euros, rubles and who knows what else into failing industries. Talk about a growth industry!

4 comments

  1. Absolutely! This field is ripe for innovative entrepreneurs.

    The greatest thing about the industry is that the competitors are not angling for a “piece of the same pie” but rather, the pie is growing to accommodate each new entrant.

  2. @ Conall –

    What I want to know is when are they going to start bailing out the communications design industry? I could certainly use an extra billion or two to help cover my payroll costs.

  3. @ Conall –

    I think at that point, we should all spend our remaining money on guns so we can defend ourselves in what will surely be some sort of Mad Max-esque state of existence. Ha-ha!

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