Comments by "Canice Tang" (@canicetang8837) on "The biggest AVIATION CRISIS: the sector MOST DAMAGED by the CORONAVIRUS - VisualPolitik EN" video.

@Gastell0 Good point. The bailouts were supposed to helping out the employees and the workers, but these programs seldom have the supervisions and the regulations checking the responsibility and the accountability of these firms. The quickest and the easiest way to eliminate vast poverty gaps and deficits is the drastically increasing tax bracket on the rich and the wealthy across the world. So they can no longer using off-shore accounts, tax havens and other creative loopholes to dodge and cheat the systems. The world's economy is in a debt trap death spiral and it will implode when the ponzi game in the current financial system is finally revealed. No longer we can use the credit system to finance 100 or 1,000 times the real cash to sustain this method of globalization. Besides, the constant printing of money means the value is utterly worthless. As well the growing sentiment of the distrust everywhere right now with their ruling governments means this rift would also create a new world order. Whether it is for the better or the worse, we as global citizens need to actively resolve many of these issues before our stupidity spell out the doom for this planet itself.
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Very much so, long range transportation will be reverted as luxury. Costs would be of course more expensive as social distancing, restrictions and other guidelines would be factored in. Those expenses would be factored and only the wealthy can be afforded to travel this way. In turns, less planes and flights would be needed. Hubs and spokes would be greatly reduced as the number of the airlines would be reverted back to the monopoly stage where there will not be a price war to attract increasing passenger loads anymore.
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@waliddjema5442 Books can be outdated quickly. And so do many business models that worked in the past. All the short and long-term analytic models and projections are completely useless when the extraneous outside factor nullified all of these forecasts anyhow. This Wuhan Coronavirus Global Pandemic pretty much smashed the beliefs that everyone must be willing to be flexible and change to adapt in order to survive, let alone thrive. Regardless to the political ideologies of anyone. 2020 is pretty much a turning point where we as humans must reflect on the perceived "normal" model of functioning and questioning if it is truly sustainable when it is countered with uncertainties such as this health crisis. Just as this 21st Century challenge of Social Darwinism with the creativity and the adaptivity will ultimately decides the outcomes of winners and losers in all aspects. But more importantly, is the survival of the human species ourselves and preserving this planet as a whole.
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When do you see bailouts to the big companies work? They never did and they often asking more and more in return. Airlines are good example. Plus in Canada, we are sick of the bailouts to Bombardier repeatedly. They ended up moving their factories somewhere else, cutting staff and fattening their wallets with the company still deep in the red. All at the expenses of the hardworking taxpayers. It was the same thing in the US with the huge bailouts to the automakers and the banks as well back in 2008. This is why we are having this huge bubble economy of public debt now.
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Projected vs. Reality. The Wuhan Coronavirus Global Pandemic is not only completely changing our way of social lives, political governance and other economic factors. The traditional way of business models and projections in both long and short terms are completely changed as well. The tried and true globalization model leaning mostly on the growth of the PRC as the cheap manufacturer source, plus the basis of the greatest economic growth in the world, might be a bit too far fetched to lean on this country to put all the eggs in one basket. Simply put, we don't even know how 2021 will be like, either optimistically it could be improved and reverse the trend of 2020, maintaining the same dire projections of the current uncertainty if the vaccines and other measures are not effective, or perhaps the mutations of the virus itself could lead to long-term shutdowns and unforeseen debts where countries simply cannot get out of their debt spirals. We have seen the horrors of packed passengers during the holiday seasons away from the lockdowns, but outbreaks and even deaths inside the planes itself. There is a fine line of trying to squeeze the potential revenues to stay afloat versus the potential liability of jeopardizing safety, enduring increasing negative perceptions, handling potential lawsuits and penalties, plus having airlines, airports, supporting industries, and even the entire air travelling realm in complete jeopardy. It is more crucial for the travel and air transportation industry itself to actively and creatively adapting these changes quickly. Whether the trust and the consumers' confidence can be safely correlated to relaxation of the health restrictions, plus the pandemic guidelines which ensures the well-being of their paying customers to once again going back to the former 'normal' way of lives.
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