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A policy of subsidizing failures will end in an economy strewn with capital-guzzling industries long past their time of profitability - old companies that cannot create jobs themselves, but can stand in the way of job creation.
George Gilder
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Interpretation

What this quote means

Subsidizing failing businesses hinders economic growth and job creation.

George Gilder's quote underscores the negative impact of government policies that support failing businesses through subsidies. Such practices can lead to an economy burdened by outdated companies that consume resources without contributing to innovation or job creation, ultimately stifling entrepreneurship and growth within more dynamic sectors.

Themes

SubsidiesEconomyJob CreationBusinessInnovation

In practice

Example use cases

During a debate on government spending, one might use this quote to argue against supporting failing industries.

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