CW has five shows left
(archive.ph)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (15)
sorted by:
Yeah, this is a weird feature of “capitalism” in the last couple of decades…
See also: airlines. Like, literally most of them…
Like, not even due to “protectionism”, as with manufacturing and arguably banking and tech…
No no, just “we need this airline because otherwise prices will go up, even if it has effectively been trading insolvent for a decade, and hasn’t made a profit in even longer”…
Here, I’m talking about Virgin Australia specifically, but there’s also Lada Air, Kingfisher, Pelican, fucking Air Berlin…
It’s an industry where actually making any money is very much the exception rather than the rule…
Also, in entertainment: sports teams, and their ridiculous stadiums. Most have never turned a profit, and will (obviously) never pay off their mega stadiums (which is why masses of public money goes into building those)…
Ah, if only the free market was actually even relatively free…
That is an interesting thing. I nicknamed it Corporate Socialism. It's when the government and a company are hard to see the difference. The stadiums in Seattle were paid for by Microsoft and others. You can tell what was paid for by the big companies in the area and regular planners.
True. Yeah, we don’t really have that in Aus, so much…
The stadiums are either publicly owned, or owned by the individual sports leagues… Teams do also own stadiums, but only really the ones they use as training grounds, no matter whether they could actually host games or not (confusing, I know)…
Nonetheless, you have the situation where leagues and/or teams can readily bully the government into absurd, totally unnecessary half-billion dollar knockdown-rebuilds, much like in the US…
Again, the line between private and public is extremely murky, there, and that is the problem…
Airports are also like this, in most Australian cities…
Airports are the same here.