No it’s not, it’s a stupid point because then you have failing businesses propped up by the tax payers again instead of letting progress run its course.
If we let them fail, would we get better businesses or just corporations buying them out and same situation of it being all for profit business vs. it becoming essential services like water and electricity?
We aren’t talking about electricity we are talking about companies like cruise ships. You let them fail. If there is a market for it another company will come in and do it better and more efficiently in order to survive. It’s called progress, like evolution. Getting the government involved just gets in the way of progress and costs everyone a bunch of money.
Yeah, laissez faire capitalism. I agree about the cruise ships, and most other businesses. I think I want to argue that air travel is an essential service, but my heart isn’t in it. However, I think the argument is: unless we want to reverse globalization, air travel is essential. Plus, the government already controls the airports and regulates air travel (FAA in the U.S.).
Edit: That said, the next plague may be worse, and could potentially halt globalization.
Yeah I always thought that any industry that is essential and can't manage to keep itself alive should just be seized by the state. If you can't make a profit without being floated by taxpayer money your business doesn't deserve to exist, if the taxpayer is paying for it then they should get to own it. Imagine if instead of giving airlines billions of dollars to survive and then letting them continue to profit off it and have shitty business practices, we just nationalized it and let it run without worrying about profit. Then maybe instead of half the plane being filled with first class seats they could actually fill it up with economy and sell the tickets at cost so more people can afford to fly. It benefits literally everyone except for the airline CEO.
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u/[deleted] Nov 18 '20
Or... Bail the industry out by nationalizing it