Comment and analysis on all things Charlotte

The dysfunction of socialism, item #5,812,945

As Bloomberg reports, international airlines operating in Venezuela have $3.3 billion trapped in the country.

3 Responses to “The dysfunction of socialism, item #5,812,945”

  • Jan
    11
    2014

    The link to the Bloomberg story doesn’t work…

    That said, if I ran a multinational airline, I would have ceased flights to Venezuela, Cuba, Iran, and any other “dangerous” country a long time ago.

  • Jan
    11
    2014

    Thanks, fixed the link.

    The flip side from Venezuela is that the government limits flights from the country, so flights are fully booked and fares are high.

    As strange as this may sound, Cuba is actually a popular resort destination from Europe.

  • Jan
    11
    2014

    “As strange as this may sound, Cuba is actually a popular resort destination from Europe.”

    Yep — and this totally torpedoes the argument that Cuba’s economy is a wreck simply because ONE country won’t do any business with them. Cuba’s economy is a wreck because its rulers WANT it that way.

    As an airline owner, I just wouldn’t want to expose my valuable assets — employees, airplanes, and facilities — to the jurisdiction of a government that even acts like it might arrest, seize, or nationalize them. I don’t care how profitable the operations might be.

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