As per usual Government who over-regulates doesn’t want large companies to shrink – British Airways Job Cuts – June 13, 2020,
I personally don’t know why large and small businesses keep propping up these governments and central banks. Deflation is an important component of Capitalism and the way how you end deflation is innovation, well as many people know, one of the main murders of innovation is a big giant government, with a big ole Nanny State regulator creating all sorts of silly laws that drive the cost of doing business up, which during an economic downturn is very problematic when British Airways is losing 20 million pounds ($25.2 million) a day and has no revenues!
No matter how large a company is, it can’t print money like the government can. British Airways can’t wake up one day and say you know what I’m going to run an everlasting deficit and grow the size of my workforce just to stimulate growth the voters can see great job growth numbers.
Only governments grow their workforce during economic downturns, those of us in the private sector have to find a way to be efficient and yes of course mistake will be made during economic downturns, but the real pain is the government regulations, which allowed the cost of doing business to be as high as it is in the first place.
Britain’s Transport Select Committee has it easy, they get to bark out orders and call on the media to make a company operating in some capacity in Private Sector look bad, while they sit comfortably living off the taxpayers’ dole. This story below is the problem with a big government!
Imagine having the job security of Britain’s Transport Select Committee! Let’s make Britain’s Transport Select Committee a for-profit business and see how long they last
Lawmakers label British Airways ‘national disgrace’ over jobs | yahoo.com
Interesting times ahead