Japanese government to give 100 billion yen bailout to Japan Airlines

Completely wrong.

Have you ever considered the reason why JAL, a profitable company until recently, has posted huge losses (along with most other international Airlines, e.g British Airways)? Yes, that’s right, it’s to do with the state of the economy. If JAL disappear, think of all the other companies that would go too. Food companies, service companies, manufacture companies, the list goes on. JAL has huge contracts with a multitude of smaller companies, contracts that those smaller companies rely on for survival. Everything has a knock-on effect, that’s how business works.

First think about economic basics before making uneducated posts about government handouts.

I might add the other big problem with Keynesianism is that it relies on a government to have the control to spend like crazy when needed to get the economy moving again, and then cut spending drastically once the economy does get moving again, so as to recoup the money spent previously by having tax receipts greater than expenditures.

The obvious problem, which all Keynesian economists seem to overlook, is that no government has ever shown itself ready to drastically cut spending once it gets a taste of having free rein over the nation’s pursestrings. Not to mention that if a politician has successfully injected government money into his district to pay for public works projects or whatever, if he then tries to cut that funding he will almost certainly promptly be voted out of office in favor of an opponent who favors keeping the tap turned on, thereby creating politicians with a vested interest it throwing government money around.

In short, Keynesian economics is like a lot of theories dreamed up by people wh spend all their time thinking instead of observing the real world: it looks great in theory, and might actually work if it wasn’t for this annoying little thing called “human nature”. And of course, proponents would tell you the problem isn’t with the theory itself, even though it ignores the largest and most influential variable. No, the problem is with the humans who, damn them, refuse to set their true nature aside and follow the clearly perfect theory Keynes laid out.