Aviation and Capitalism

 Aviation and Capitalism

The aviation industry can very well be related to the tenets of Capitalism. Capitalism promotes private ownership and fuels competition among various stakeholders. The capitalistic nature can be pointed out by the involvement of many private players like Boeing, Airbus etc. in the aviation sector. Many airlines around the world operate as private entities, owned by individuals, investors or corporations. Capitalism thrives on competition. Likewise, the aviation industry is characterized by intense competition. The presence of multiple businesses competing for customers encourages efficiency, quality and innovation. The biggest driver in capitalism is the pursuit of profit. Similarly, the primary motive of these aviation companies is maximizing profits. The basic principle of Capitalism states that the rich become richer and the poor become poorer. It shows division of classes and promotes inequality. Complying with the ideas of Capitalism, the airplanes furthers the gap between the classes by their seating arrangement characterized by the customer’s willingness to pay. The airlines often offer passengers to fly either with business class or economic class denoting a clear price discrimination. Unlike socialism, capitalism does not present everyone with equal opportunities rather lets the more competent to grab the opportunity. This is well depicted in the story of aviation where the richer are provided with the facilities of a business class flight. While the less wealthy may choose economic classes in flights. There also exists a class in the society who cannot afford the cost of flying itself. The wealth disparity in a capitalist state can be evidently noticed in the aviation sector. Hence, aviation is a pure example of Capitalism where the less wealthy are cramped up in their seats while the richer take up more space or even the whole space in case of private jets.

- Anto Mariya M M

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