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> Capitalism would have let those failures fail Capitalism wouldn't have shut down borders preventing airlines from taking on passengers. Government action le
by Mikeb85 5y ago
> Capitalism would have let those failures fail
Capitalism wouldn't have shut down borders preventing airlines from taking on passengers. Government action led to airlines taking massive losses.
- hansel_der 5y agohow is an airline entitled to profit from cross-border travel?
- Mikeb85 5y agoCapitalism is about free trade. Airlines grew to their size based on a certain economic condition (free travel between nations). Pulling that out from under them resulted in massive loss of income. It's not about entitled or not. It's about the fact government action directly harmed them, whether or not justified.
- hansel_der 5y agoso the market conditions changed.
- TheGigaChad 5y ago
- wiseowise 5y agoThey didn't. Authoritarian intervention happened.
- hansel_der 5y agothat assesment hinges on the view if the pandemic neccesitated/warranted lockdowns.
- ahoka 5y ago"Capitalism is about free trade." No, it's not.
- Mikeb85 5y agoWay to be pedantic. You're right, strictly speaking it's about investing capital (in the economic sense) in order to profit from it. In practice it's all about reducing barriers to trade whether within or outside a country since every other economic system aims to limit some aspect of economic freedom as 'capitalism' is basically just the natural result of barrier-free trade.