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> They own/lease super expensive machines that need to be in the air filled with paying customers to make the economics of being an airline viable. Do you oper
by jkhdigital 7y ago
> They own/lease super expensive machines that need to be in the air filled with paying customers to make the economics of being an airline viable.
Do you operate an airline? Do you have some crystal ball that reveals the true economic costs of capitalizing and operating an airline?
Capitalism is premised on the notion that the aggregation of economic decisions made by individuals, with full freedom of choice, leads to the most productive and equitable allocation of capital for the economy as a whole. It's also premised on "skin in the game"--those who risk their capital in a venture both reap the rewards and bear the risk of losing that capital if things go poorly.
Here's the bottom line: no matter which way you slice it, capital is being destroyed when airlines can't operate for six months. Who should pay for that? If your answer is anyone other than the investors who put their capital at risk in financing the airline, then we have stepped outside of capitalism already and we might as well just nationalize the airlines to accomplish whatever your goal is.