4 years ago
Recently there was an uproar over some guy saying Airline companies should be allowed to fail.
He was actually right. Allowing a business to fail is the most purely capitalist thing to do.
By propping up a business, the government is actually denying multiple new and innovative businesses to start from the ashes of the old one.
Do you really think that all the aircraft and pilots from a failed airline would both go together to the desert to be scrapped? Would it not be more realistic for the pilots to be rehired in other airlines and the planes sold off as well?
Life always finds a way.
By saying a business is "too big to fail" or even worrying too much about *any* sized business failing - we are denying our nature as a species to start over.
