Airline Bailouts: A Symptom of Failing American Capitalism
If there's one thing more important to a functioning capitalist market than anything else, it's this: the ability to learn from discomfort. That might sound glib, but it's true.
If your lemonade stand isn't selling, you'll need to change something -- your recipe, location, sales tactics -- or simply close up shop. This process has been repeated millions of times over hundreds of years. It's far from perfect, but it's worked better than any other system at scale.
But we appear to have a new normal among American investors (and politicians): the inability to sit with and learn from discomfort. That might sound benign, but it's not. And the 2020 bailout of the airline industry is a textbook example of what I mean.
Source Fool.com
