I think we already bungled that one with Nortel going bankrupt, and getting parted up and sold off. And I don't think the solution for that, should've been, lets bail them out because it's in the national interest. We're in this really weird state where these bailouts allow privatizing the profits and socializing the losses. Even if that didn't happen, would Nortel survive anyways with the major consolidations over the last 10 years.
It makes it really difficult, that within a country like Canada, can you make a competitive landscape of a local supply chain, and have it only cost a little bit more, across the millions of pages of standards that make up a mobile wireless network, when you only have 3 customers that make up the majority of the market, plus some regional operators. I think it ends up costing alot more, which is what drives the consolidation and integrated supply chains. And it's not easy to support from a policy perspective.
Edit: Another thought, although the hard part about bailouts is, in a worldwide economy, you're companies are also competing with other companies that may receive bailouts or other government support which makes this an extremely complicated topic.