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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (152403)9/26/2002 6:41:23 PM
From: TimF  Read Replies (2) | Respond to of 1573439
 
If the industries have to much capacity then some of the capacity has to be removed by companies shrinking or going out of business. Keeping the capacity around though subsidies only wastes resources.

I didn't scream (at most I made a mild grumble) about the airlines getting the emergency chunk of cash they got awhile back but it shouldn't be a continual thing. If people don't want to fly as much then some airlines should go out of business and we shouldn't try to stop this process with subsidies.

Tim



To: tejek who wrote (152403)9/26/2002 6:46:17 PM
From: Joe NYC  Read Replies (1) | Respond to of 1573439
 
Ted,

Some bailouts of airlines was probably unavoidable, but I think the cheapest thing to do at this time would be not allowing bankrupt airlines to continue operating, liquidating their assets quickly. This way, the overcapacity would partially go away without expenditure or additional regulation.

Joe


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