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> What is really happening is risks are socialised, profits (if any) are privatised. Well not quite, given companies pay tax too. Not only that, but large ind
by Volpe 13y ago
> What is really happening is risks are socialised, profits (if any) are privatised.
Well not quite, given companies pay tax too. Not only that, but large industries like Aerospace spend money on other stuff. I agree it's clumsy, but it isn't as simple as you put it.
Seems to me with the level of subsidy Boeing/Airbus/Bombardier receive, why aren't they just nationalised.
- Mikeb85 13y agoTo add to this, aerospace companies contribute plenty to the economy, in jobs, scientific research - much more than most other corporations that are of a similar size. And speaking as a Canadian, it's nice that we still do have Bombardier, otherwise those jobs would simply go down south (probably the actual talent too). Canada needs to invest in industries other than resources... And of course Bombardier IS profitable (forward P/E of 9.71 on the stock).