India’s Jet Airways Suspends Operations – This Is Why We Need Capital And Capitalists

India’s Jet Airways has been in trouble for months now. They’ve been losing money and banks won’t lend any more – sensibly enough, it’s a money pit. All of which is a useful lesson in why we need capital and capitalists. There’s got to be someone there able and willing to cover losses in the bad times – that’s what they get the profits for in the good.

This is the part of the system that some find so terribly hard to understand.…

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