Anthony
Touchdown! Greaser!
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Anthony
wsuffa said:True, but the US has had its share, too.
Chrysler was an example. The L-1011 had US Govt guarantees to Lockheed, subsidizing the production.....
If memory serves, Chrysler paid the loans back a lot faster than they had to. Iacocca still brags about that, as he should. I don't know about Lockheed. But I get your point, we are not immune to socialism here, its just less prevalent. More recently, our airline industry got a nice gov't boost after 9/11. WRT transportation, a little latitude is needed for national security and overall economy. That's why there is a need for some gov't reg and intervention.