Originally Posted by
rickair7777
I worked in industry and other endevours for years, and made plenty of money (more than any w-2) so yeah, I know how it works.
We do not live in a free market or a capitalist society...there is no such thing in the real world, only degrees of socialism. The europeans have more than us for example.
The reality is that most shareholders are too diversified to have the time or knowledge to provide any real direction to the numerous companies in their portfolio...by defualt control goes to those few managers and institutional investors with large blocks of securities.
I've always been pretty conservative, but it's time to fix some things (I am NOT endorsing a presidential candidate...I'm not talking about campaign- promise change). Actually people who know me personally are rather alarmed that I feel this way...nobody ever thought it would happen
Well, the answer to the problem is not to make it more socialist. It is to reform the reform and scale back the regulation. Does a PURE free market economy work? No, not perfectly because there are some things we cannot afford to have totally fail. But, a particular airline or multiple airlines would definitely not come CLOSE to the list of the few things that need heavy government intervention. I just get sick to my stomach at seeing people asking for more regulation when the current 'crises' are caused by government intervention and corruption.