Hello @above,
Though I partially agree with your thoughts, I think it is imperative that government intervenes to save millions of jobs. If government does that, the market sentiment will keep degrading, causing an avalanche effect, which may cost another million jobs. So whatever the ideological differences are, the government needs to intervene to save he jobs.
Moreover what appears to be a cash dole is more comprehensive than that. The economic package aims to redistribute wealth in both hands of he manufacturer and consumer so that the cycle of supply and demand can be maintained. However the challenge is to maintain accountability of the money spend and proper governance to do it effectively.
But again I agree that corpote should take responsibility for the mess they have created. While the government is at it, it should also demand better corporate governance, transparency and accountability. The government should ask businesses to reduce costs, without rolling out heads. The government should eke out a deal from the corporate so that the economy becomes self healing in the future.
And also it does not make sense for our government to be stay back, when at the global level economic packages are flying around. It will only degrade our competitiveness in an already tough market.
Waiting for comments!
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