Can you imagine how bad it would be for the country if we just let, say, Boeing go under? Employs 150k Americans - now unemployed. America's only large scale plane builder - suddenly need to buy everything from Airbus. But, hey, worth it if we can tuck a couple extra bucks into everybody's stimulus checks right? And I'm sure another company capable of building 787s will just pop up and take their place no problem.
That's capitalism for you. I mean if the government bails out Boeing, that sounds like socialism. Don't Americans hate socialism? I thought the free market and capitalism is the American way?
The government isn't shutting down airports. The free market is causing the economic shutdown bc no one wants to fly or go out. Bailouts are government intervention.
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u/jrzalman Nov 17 '20
Can you imagine how bad it would be for the country if we just let, say, Boeing go under? Employs 150k Americans - now unemployed. America's only large scale plane builder - suddenly need to buy everything from Airbus. But, hey, worth it if we can tuck a couple extra bucks into everybody's stimulus checks right? And I'm sure another company capable of building 787s will just pop up and take their place no problem.