What is the role of governmet in the failing industries?

Answer 1

Unless it is due to problems similar to "the problem of the commons," where the problem cannot be solved by the members without engaging in activities prohibited under the anti-trust laws, it should be to manage the bankruptcy process. Otherwise, it should be uninvolved entirely. It should allow the weakest to fail and allow the industry to determine its own course.

Answer 2

The government should not have a major role in failing industries. It is not the governments job to help like that and somehow society thinks that the government need to be there to back aid everyone. Not true!
We can help keep business in America by lowering import and export taxes and stop having illegals doing the jobs. Most of the time it is the health care costs that hurt business. Maybe people should be responsible for more of the costs that way people who have a sneeze will have to actually pay for it and realiving some of the heath care costs.
People in America have become too materilistic. We want and want and want. Look at the countries where are jobs are going. They are doing it at half the cost because they are not a greedy nation. They are content with what they have. What can anyone really do though.

Answer 3

the role of government in a failing industry will vary from economy to economy.

In any communist regime, the government is in the management, but the difference is that unlike private management, the government has almost limitless funds to restructure the industry. Using the money meant for development of the masses, it can modernise the industrial unit, build transport links to new sites of raw materials, provide for early retirement solution for its employees.It can ban import of competitor gods.It can also go for closyre if it feels the industry is burning a real hole in the economy.

In a capitalist regime, the government plays a supervisory role. It can provide bail out packages, give the industry concessional raw materials, give the unit preferential contract or reduce taxes on the articles produced by the company. It can also impose duties on competitor goods.

Answer 4

Nothing! Failing industries are failing because there products or services are no longer in demand. Should the Government have saved the Horse and Buggy Industry?