3 ms·
> "Weak companies (such as the airlines during the COVID-19 outbreak) need to be allowed to die" its not like someone can just do an airline startup and flight
by autokad 7y ago
> "Weak companies (such as the airlines during the COVID-19 outbreak) need to be allowed to die"
its not like someone can just do an airline startup and flights are mandatory for a modern economy.
- dlp211 7y agoMaybe if a bunch of these airliners go into bankruptcy, it would let people who could finally get past the huge barriers to entry.
- Reelin 7y agoI'm frequently an opponent of (what I see as excessive) regulation, but in this case - would you really want to fly in a low barrier to entry situation? The vast majority of the barriers here seem to be related to ensuring safety.
- dlp211 7y agoThe barrier to entry is the massive amount of capital to enter the market. If I can buy an airliner for pennies on the dollar, it does not mean that I have to be against or ignore safety regulations. The cost of safety regulations is minor compared to the cost of airplanes, pilots, airport fees and other infrastructure costs.