squatz1
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Flying Hellfish is a Commie
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March 19, 2020, 05:05:07 AM |
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I didn't know this was something that was so common out of the US, but I guess this is something that I'm going to have to talk about for a bit. I don't think this is going to happen in a place like the US, because it's not common for the US to control an entire company or industry.
Though I do know that for one of the companies here, it's not surprising to see, Alitalia. This was a rumor for the past couple years that this was happening, and a crisis like this, where airlines are hurting badly, is the perfect time to nationalize it.
I am going to stress that if that in any country this is typically going to be the last thing that a country is going to do, and it's only going to be done because the company in question employs a LARGE amount of people in the country. Give it a few years after this recession and the companies are going to be privatized again. It's a bit of a cycle I guess in the EU.
In the US we just pump money into certain companies -- think of the bailouts which saved GM, the bank, etc -- and then we get stock for it and then sell this. That's what we do here (commonly)
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