‘Don’t Bail Out the Cruise Industry’

An anonymous reader shares a column: The United States economy is grinding to a halt as the country grapples with the novel coronavirus pandemic, and one of the first major actions President Trump has floated is having the government bail out the cruise line industry, which he says is a “prime candidate.” He shouldn’t do it. There are myriad reasons not to bail out the cruise industry’s biggest players.

Here are just a few: 1. They’re not really US companies. […] 2. They pay basically zero federal income tax. […] 3. They’re bad corporate actors: These companies use the protections offered by the countries they are incorporated in as a shield. They make passengers sign over a ton of rights before they even come aboard. Many employees often face long hours and brutal working conditions.
4. They pollute the air and oceans. Every fossil fuel-powered mode of transportation pollutes the air, but cruise ships are among the worst. They emit more sulfur dioxide than all of the passenger vehicles in Europe combined. Cruise ships also pollute the oceans by dumping waste. Not just illegally, for which these companies have been repeatedly fined, but also in some cases with impunity, again thanks to protections afforded by the laws of the countries where they’re incorporated. And where they’ve been caught, there have been coverups.
5. They are not necessary. […]

Read more of this story at Slashdot.

Source: Slashdot