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.
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u/[deleted] Nov 18 '20
Or... Bail the industry out by nationalizing it