Airlines... The contradiction
The huge debate recently was whether the government should bail out Kingfisher Airlines? The counter argument, spearheaded by Mr Bajaj, is that in a democratic (read, capitalist) environment the private sector needs to fend for itself. Companies that are unable to manage the business intricacies should be allowed to sink. The Government as well as majority of the people don't think that tax payers' money should be used to save a plunging private company. Got it... The tax payers' money should be spent on developmental projects and for the overall uplift of the country... a country in which 25% people are below poverty line... which as per the latest planning commission report stands at Rs 32 per day. And anyways, Airlines as an industry can never fall in the ambit of the set of industries or sectors where the Government would like to invest. It is an industry for the elite, for the crème de la crème and definitely not for the masses. I am sorry but am I missing something...