In Robert Pestons’ blog Peston’s Picks an article about Fixing Jag(uar) there is an amusing comment from one Omega_Cassandra  who comments on the idea that the British Government is considering bailing out Jaguar -Land Rover the car company owned by the Indian company Tata.

Omega_Cassandra writes:

For God’s sake – when are we going to call time on all this nonsense? Minister’s actions are plainly mad – driven purely by the desire to keep their jobs.

Giving money to Jaguar? They’re owned by a foreign company. The proper course is for the company to be bankrupted and sold for its actual value (ie the price anyone is prepared to pay for it).

If that means selling bits off piecemeal and jobs going – tough. That’s how the system works. And that’s what should happen to any business that can’t make a profit. It really is the only way to draw a line under a bad situation and move on.

Businesses that don’t make a profit aren’t businesses at all.

Take a lesson from the Chinese – when Rover started going down the tubes they just bought the bits that were worth anything. Very sensible of them.

You can’t preserve a company’s value or add to it with subsidy. Value comes from profit. if people aren’t buying what business makes – for whatever reason – then bankruptcy is nature’s way of moving on.

By continuing to pour OUR money into black holes the Government is not grasping the nettle. What are these Ministers thinking of?

The situation will resolve itself anyway – through unstoppable market forces. All the Government can do to help is to work WITH the grain of such forces not against them.

I wish we had a Government that would do the right thing regardless of the short term hardship it will inevitably produce – not piss about as this one is.

No wonder Churchill is remembered with respect. Blood, sweat and tears, chaps but that’s what we have to do.

Would some grownup kindly send the kids to bed and sort the mess out.

Hear Hear!