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Absolutely, that was the clear lesson of the 2008 financial crisis.
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Paul Campos made the same point on education: “the capitalist dream of privatizing profits while socializing losses.” Paul Campos, The Law School Scam, The Atlantic, August 13, 2014 http://www.theatlantic.com/features/archive/2014/08/the-law-school-scam/375069/ …
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Coronavirus
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So nationalise them, buy them and convert to state owned enterprises no longer run for profit but for the benefit of the polity
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See also and most notably: publicly funded ballparks.
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Can’t we just nationalize them?
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There’s never a question about how much it costs for war or corporate bailouts. Never.
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