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At least amongst a certain subgroup of the US, there's been a lot of backlash against "privatizing profit and socializing losses" (or lemon socialism). Many peo
by singhrac 4y ago
At least amongst a certain subgroup of the US, there's been a lot of backlash against "privatizing profit and socializing losses" (or lemon socialism). Many people pointed fingers at airlines needing a bailout in 2020 even though they had bought back shares for a decade. I guess the US is just very against the idea of equity-based bailouts (i.e. US govt owning a portion of the airlines).