Much of the modern media is simply special interest group pleading dressed up as a “report”. It used to be that someone serious talked to a serious reporter and that’s how their “concerns” entered the public conversation. That moved on to it being PR that worked. Now it’s a “report”. You know, we’ve done science, real science with numbers and all so give us everyone elses’ money.
As with this:
Nearly 200 airports across the UK and Europe are at risk of going bust within months due to the dramatic collapse in air travel caused by the coronavirus pandemic, the European airports trade body warned on Tuesday.
Airports Council International Europe (ACI Europe), which represents airport operators, said it estimated that 193 out of Europe’s 740 commercial airports face “insolvency in the coming months if passenger traffic does not start to recover by the year-end”.
The trade body said the at-risk airports employed 277,000 people and generated collective annual revenues of €12.4bn (£11.2bn).
Olivier Jankovec, the director general of ACI Europe, said the figures “paint a dramatically bleak picture” for the future of the aviation industry, which has already suffered tens of thousands of job losses.
Well, OK, so agreed there’s a real problem here. What should we do about it?
Let ’em all go bust.
Because this is what capitalism means. You sink your money into something that doesn’t work? So, tough, bye bye money. That’s the flip side of getting it right where you end up with hot and cold running Ferraris. It also doesn’t matter why you got it right. Consumer tastes change, the Martians invade, wok’d bat becomes too popular, whatever, whether it’s good fortune or good planning that’s just the way the system works. You get to keep the excess of money at the end or lose the deficit.
So, many billions have been spent on the expansion of regional airports. Seemed like a good bet at the time but something’s changed. Tant pis, bye bye money.
However, do note what most hen miss. We don’t lose 200 airports by doing this. It’s not true that if the company goes bust then grass springs up immediately between the concrete. The capitalists who own the current legal envelope lost their money. And if we still want those regional airports then they will still exist and someone will come along and buy them up.
And, of course, if we don’t still want them then we don’t want to preserve them either, do we?
Let ’em go bust, that’s the mantra.