# Capitalists or Cronyists? | No Mercy / No Malice

<https://www.profgalloway.com/capitalists-or-cronyists>

- Host: [profgalloway.com](https://links.thingelstad.xyz/hosts/profgalloway.com/)
- Saved: April 16, 2020 (2020-04-17T01:55:27Z)
- Record: https://links.thingelstad.xyz/links/1948eb4f8b30/
- JSON: https://links.thingelstad.xyz/links/1948eb4f8b30.json

## What Jamie wrote

Galloway with his typical "no holds barred" writeup on the bailouts. He is highlighting a valid point, that bailing out some of these companies is often pitched as continuing to provide a service to the consumer, but is that really right?

> As long as they keep making old people, and younger people want to take their kids to Disney’s Galaxy’s Edge, there will be cruise lines and airlines. Since 2000, US airlines have declared bankruptcy 66 times. Despite the obvious vulnerability of the sector, boards/CEOs of the six largest airlines have spent 96% of their free cash flow on share buybacks, bolstering the share price and compensation of management … who now want a bailout. They should be allowed to fail. Bondholders will own the firms. Ships and planes will continue to float and fly, and there will still be a steel tube with recirculated air waiting for you post molestation by Roy from TSA.

Certainly for some of these companies they would go bankrupt, somebody would buy the assets, and a new thing would be born.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT144: Weekly Thing #144 / Contact Tracing, Stockdale Paradox, John Prine, Goat 2 Meeting](https://weekly.thingelstad.com/archive/144/), Recommended Links

## Same host

- [WeWTF, Part Deux | No Mercy / No Malice](https://links.thingelstad.xyz/links/493e5ebc47b1/) (profgalloway.com, September 26, 2019)
- [Time Machines & Species Failure | No Mercy / No Malice](https://links.thingelstad.xyz/links/cd56d8051a1c/) (profgalloway.com, December 10, 2019)
- [TWTR: Enough Already | No Mercy / No Malice](https://links.thingelstad.xyz/links/5bb23c3c9534/) (profgalloway.com, December 10, 2019)
- [Fire & Fawning | No Mercy / No Malice](https://links.thingelstad.xyz/links/4df40710fead/) (profgalloway.com, August 23, 2020)
- [Life & Death | No Mercy / No Malice](https://links.thingelstad.xyz/links/ef2005343c7b/) (profgalloway.com, October 25, 2020)

## Saved the same week

- [How to Make a Hunker-Down Budget in YNAB | You Need A Budget](https://links.thingelstad.xyz/links/addb60dd282b/) (youneedabudget.com, April 16, 2020)
- [Brandi Carlile Pays Tribute To John Prine: "Hello In There" - YouTube](https://links.thingelstad.xyz/links/163cf04b09f4/) (youtube.com, April 16, 2020)
- [Brand New: A Simplified Time Management Course – The Sweet Setup](https://links.thingelstad.xyz/links/dd18c200ad9d/) (thesweetsetup.com, April 16, 2020)
- [Nick Saban Just Got Email - Study Hacks - Cal Newport](https://links.thingelstad.xyz/links/664541b13125/) (calnewport.com, April 16, 2020)
- [There Are No Problems, Only Projects | GTD® - YouTube](https://links.thingelstad.xyz/links/36721f78451d/) (youtube.com, April 16, 2020)

## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.profgalloway.com/capitalists-or-cronyists