Aydin
Rice King
Registered: Jul 2001
Location: China
Posts: 11795 |
Excellent. I was going to start a topic on this this morning, but couldn't find a good article to stimulate debate. I too am against bailouts. The only concern I have is the lack of competition which may result if only two or three major carriers remain. (How does government regulate competition if monopolies occur not as a result of mergers, which it can block, but rather of bankruptcies, anyways?) I read somewhere that no airline has ever been profitable over the long term, which is fairly believable, considering how much they are subsidized, directly and through infrastructure, air-traffic control, etc. Of the only soundbite I heard in opposition to bailouts this morning was of course a Democrat saying that the bailouts shouldn't just go to the owners, but also to the employees, which would be just as bad.
Report this post to a moderator |
IP: Logged
|