> So, theft. Got it!

> That will make a lot of businesses focus on success here and not somewhere else.

You have a weird definition of theft. We're talking about nationalizing them instead of handing their shareholders a bunch of free money to bail them out. Not getting free money is theft now?

But, more broadly: there's more to the social contract than private property rights. And it's really hard to bring myself to care too much about the private property rights of entities who have shown themselves to not be very respectful of that contract.

Is it "theft" when someone who pays off another's loans takes legal possession of the debtor's assets as compensation? Or only when the government does it?

You talking about taking a loan and not paying it off?