“When such business decisions bring profit, everything goes to the owner. When they result in losses, why should the public exchequer shoulder that burden?” he asks in the context of the government’s decision to help loss-making private airlines.”The policy of bailing out speculators with funds from public exchequers has been adopted by the US administration....When the public sector companies face a loss, they are termed inefficient. When the private corporates of the minister’s choice face a loss, then it is conceived as the result of crisis and a bail out is being pleaded for. Novel indeed!” he says.

“The real game is to allow privatisation of profit and nationalisation of losses for the private corporates in the name of so called “bail out”! When there is profit, private corporates will own the same, when there are losses, the burden will be passed on to the workers through lay-off and retrenchment and also to the public exchequer through so called bail-out package and concessions. This is the real and ugly face of neoliberalism,” he adds.