From Nassim Taleb and Mark Spitznagel at Incerto:
Bailing out individuals based on their needs is not the same as bailing out corporations based on our need for them. Saving an airline, therefore, should not equate to subsidizing their shareholders and highly compensated managers and promote additional moral hazard in society. For the very fact that we are saving airlines indicates their role as utility. And if as such they are necessary for society, then why do their managers have optionality? Are civil servants on a bonus scheme?..
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