Business is booming at a sea dock in western Turkey, where five hulking cruise ships are being dismantled for scrap metal sales after the COVID-19 pandemic all but destroyed the industry. REUTERS/U
This is an excellent visual illustration of every bailed out industry. Like whoops! You forgot to directly subsidize wages and instead just gave money to people who are only operating a business for that cash out, not to actually run a business.
Didn't they JUST get a fucking bail out?
Yeah? So?
Free money on top of the scrap money!
This is an excellent visual illustration of every bailed out industry. Like whoops! You forgot to directly subsidize wages and instead just gave money to people who are only operating a business for that cash out, not to actually run a business.