Earlier quoted context omitted.
Bold of you to assume competency will overpower politics in our current era.
So far, the country I know best, the US, has been competent enough to avoid massive corporate bailouts except the aforementioned banks in 2008 and GM. The bailout of GM was not motivated by a desire to avoid a recession when a bubble pops. If the AI labs become very influential and powerful, Washington might nationalize them, but that would be very different from bailing them out because they have become unprofitable…
The reason the banks bailouts did not involve nationalisation is that the US is very reluctant to nationalise anything.