Surprise, surprise. The airline industry is on its knees, in the wake of the volcanic eruptions in Iceland which have grounded flights across Europe, and bosses are already calling for “state intervention” – code, methinks, for “bailout“. Isn’t it ironic (hypocritical?) how private companies demand an end to “intrusive” and “statist” regulation and intervention in the good times, but demand “state intervention” in the form of cash bailouts from the taxpayer in the bad times? Privatize the gains, socialise the losses, eh?
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