Capitalism today
Partners in Flight. The government’s right to acquire a stake in some airlines as part of its loan guarantee program makes it inappropriate for it to block other carriers’ attempts to help themselves. [New York Times: Opinion]
Sounds right. OTOH, it’s always struck me as a strange sort of capitalism that pours public money into private hands without the public gaining an equity stake in return.


0 Comments to "Capitalism today Partners in Flight."

Would you like to share your thoughts?

This site uses Akismet to reduce spam. Learn how your comment data is processed.