this post was submitted on 07 Apr 2024
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Nationalized is not better. Then you just have an ever larger pool to externalize the losses against, and a simple political appointment to scapegoat to "fix" the problem.
Quality commercial fleets like this take so much more to manage than is captured in "just nationalize it" or "fuck capitalism".
Capitalism is the problem, but I agree that nationalization is not the solution. This is yet another industry where regulatory capture made possible by legalized bribery has become a serious issue. We need to reimplement strong regulations and punishments for companies that don't meet them.
Unregulated capitalism is absolutely an issue, as described by regulatory capture.
Hyper strict government regulation is the way, where corporations live in fear of running afoul