In a genius political move, Argentina's President elect announces intent to transfer Aerolíneas Argentinas to its employees

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You know since workers never get a fair shake and its all about evil greedy corporations, Argentina’s president-elect Javier Milei has expressed a wish to turn the airline over to its 12,000 workers, and deregulate it so they are not forced to engage in expensive counter-productive practices.

From the second article:

The state took over control of Aerolineas Argentinas in 2008, and since then, the airline has lost more than $8 billion. The airline hasn’t been profitable a single year during that 15 year period. Even in the 18 years leading up to the government taking control of Aerolineas Argentinas, the company still wasn’t making any money. . . .
What do the unions think about this? Here’s the response of a leader of the Aeronautical Personnel Association (APA), as reported by La Nacion:

“Give the company to the workers, it would be the death certificate for airlines, because what he proposed was to hand over the company to the workers, declare open skies and withdraw state contributions. And this company cannot function without contributions from the State.” . . .

2 Likes

Hmm maybe we should sell Amtrak to its employees.
Maybe the USPS while we are at it.

3 Likes

railways are public transportation and should be subsided by the government.

we subsidize highways.

whats the difference?

Allan

…doing things the same way. Now comes the art of filtering out of which dollar to cut, that does not also cut a disproportionate amount of revenue?

All sorts of wild idea could be called a public good.
That does not mean that they should all be subsidized by tax payers.
Intra-city Zepplins?
Underground tunnels connecting schools to to museums?

The fact is America’s love affair with more and more government will probably always preclude passenger rail as a viable phenomenon.

The most prolific system we could hope for is one that compares with Australia, Canada or Russia.