Last night, I said on Twitter:
Good thing government bailed out the whaling industry in the late 19th century. Where would we get lamp oil now?
If government in the 1800s had handled the whaling industry like they’re now handling the car and financial industries, we’d have the tenth generation of whalers on Nantucket right now, collecting government checks for sitting at home and going to the Whaler’s Union job center twice a month to slap a new coat of paint onto whaling ships that haven’t seen water in a century. They’d also make sure their kids would have an opportunity to get into “whaling”, and we’d all still be paying off the money our government borrowed over a hundred years ago to prop up an industry that was Too Big To Fail.