Re:Don’t bail out the cruise industry
by mschuster91 on Tuesday March 24, 2020 @08:58AM
(#22674447)
> or be able to raise it in the debt or equity markets
The debt/equity markets are beyond fucked at the moment. Relying on them is what led the financial industry to the 2008 crisis and it certainly won't be a good idea to rely on them in future pandemics.
> Fair weather capitalists.
The entire point of governments in a capitalist system is to deal with stuff that is too big for companies and individual people to handle - which a pandemic certainly is.
The debt/equity markets are beyond fucked at the moment. Relying on them is what led the financial industry to the 2008 crisis and it certainly won't be a good idea to rely on them in future pandemics.
> Fair weather capitalists.
The entire point of governments in a capitalist system is to deal with stuff that is too big for companies and individual people to handle - which a pandemic certainly is.