# Professor Scott Galloway weights in on the state of the economy amid the coronavirus pandemic, asserting that companies that use bailout money for stock buybacks should be allowed to fail

1 Faculty News April 16, 2020 ![MarketWatch logo](/sites/default/files/styles/246w/public/assets/images/marketwatch%20logo.jpg?itok=pHUVfozf)>

Excerpt from [MarketWatch](https://www.marketwatch.com/story/america-needs-to-embrace-socialism-or-let-corporations-fail-nyu-professor-says-2020-04-15) -- “'Let’s not have capitalism on the way up and then when we hit a crisis we have the worst type of socialism, we have cronyism,' [Galloway](https://www.stern.nyu.edu/faculty/bio/scott-galloway) said, pointing out that, going forward, companies using most of their bailout money for stock buybacks should be allowed to fail.

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