Carillion hasn't been bailed out by the taxpayer though, it's gone into liquidation, it's shareholders wiped out and the banks taking a £2 billion hit, which is as it should be. That's how capitalism works, badly run, inefficient companies fail, better managed, more efficiently run companies survive and prosper. Balfour Beatty were in a similar position to Carillion three years ago, they turned it round, Carillion didn't.