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I have mixed feelings about things like airline bailouts. If we do, you essentially reward bad behavior. If you don't, you are likely to induce a massive cons
by spott 7y ago
I have mixed feelings about things like airline bailouts.
If we do, you essentially reward bad behavior.
If you don't, you are likely to induce a massive consolidation within the airline industry, leading to less competition and more anti-consumer behavior.
I don't really see a solution, and maybe the second point is less likely than I think...
- avmich 7y ago> If you don't, you are likely to induce a massive consolidation within the airline industry Maybe this should not only be forbidden by law, but also reverse process - splitting existing airlines - should be started. "Economy of scale" benefits could be estimated lower than benefits to the society from increased competition and stimulus to innovate.