There are large numbers of business failures every year, thousands of them large and small. Most are privately financed and some received government grants or loan guarantees, and some involved corruption. Those failures cost the economy billions per year, but they hardly negate the benefit of the new ventures that succeed, and those that have been going concerns for significant periods of time.
I think you’re trying to attach far too much significance to a few high profile business failures.
I believe in “true capitalism” there is such a thing as creative destruction. Buggy whips, secretaries typing, etc. Things like Global Crossing and Solyndra don’t qualify. Someone who walks into a bank with a gun is a greater benefit to the economy. At least there is some hope the robber can be caught and not only some resources be recovered but his behavior comes to at least a temporary cessation. The folks who do things like Solyndra, etc. (think Corzine) do not get punished (which would deter others as well as stop him) the resources aren’t recovered, and the success they enjoy motivates others and they move on to the next thing.
I would submit that what I am describing is EXACTLY why the only demographic segment of society that has enjoyed a real growth period for two decades has been the one percent. Or “the system is rigged”.