I thought part of capitalism was that businesses go out of Premium It’ll Cost You $0.00 To Mind Your Own Business Shirt. My new goal is to start an airline or own a pro sports team so I can just have the general public pay for my employees and buy new buildings. Do people realize what would happen if the government didn’t bail out the airlines? There would literally not be one airline in business. Yes, their stock buybacks were ridiculous. But no one, not even Buffett, could have predicted a scenario where only 5 people are on each flight.
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I’m certainly not one to go around advocating the Premium It’ll Cost You $0.00 To Mind Your Own Business Shirt. of industries all willy nilly. But if they depend so much on bailouts shouldn’t the government set something up like either Amtrak or even the Post Office. First off, from my knowledge airlines have never relied on bailouts before. Secondly, have you ever been to a post office and realized how inefficient the whole process is? Imagine airlines being governmentally owned. No one received the money they didn’t have to pay back.
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They would not be as efficient. And also, if there were federal airlines they would be having the same issues all the other airlines are Premium It’ll Cost You $0.00 To Mind Your Own Business Shirt. That being said, free markets require government intervention. For example, it’s necessary for governments to step in in some cases to ensure adequate competition in an industry. This isn’t a comment on the performance of the American government. Only small businesses go out of business. big businesses are too big to fail and therefore we must socialize their losses.
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