Or is your proposal to default on all the debt for those industries and buy the companies in a firesale? Tourism would actually disappear in that scenario...
Or is your proposal to default on all the debt for those industries and buy the companies in a firesale? Tourism would actually disappear in that scenario...
Not that we live in anything approaching a capitalist economy of course, but it would be funny if they were logically consistent for once.
That's what they're doing and what the article is about. [Edit: not buying the companies outright, but buying their debt]
The person I was responding to was proposing something else about clever entrepreneurs buying up all of these industries in bankruptcy, or something.
Boeing is an example of such a company.
That's actually called Socialism, when the government buys up companies and starts to own the means of production.
If the taxpayers are getting their wallet out, it should be to purchase something. So, they will be purchasing equity in the bankrupt company.
If Boeing doesn't like it, they can go pound sand, or maybe the executives could use the money (that formerly belonged to the shareholders) to purchase the shares themselves. Of course they don't want that, they want to have their cake and eat it too, again.