I can recall the euphoria in Indian aviation about 18 months ago. It seemed certain entrepreneurs had discovered a way to defy gravity and that fundamental economic principles did not apply to them.
This, of course, alongside a stockmarket frenzy fuelled by totally ignorant investors who truly believed stocks can only go up - and if and when they come down the government should step in and compensate them for their losses.
Why, why, do people in Country X not learn from the mistakes made earlier by others in Country Y. Why repeat the same mistakes again and again?