4 ms·
This[1] is a blog post about airlines that you will find very illuminating and enraging. The gist is that airlines are not anything like what you assume they a
by olah_1 6y ago
This[1] is a blog post about airlines that you will find very illuminating and enraging.
The gist is that airlines are not anything like what you assume they are. Massive stock buy backs, zero innovation, record high salaries for C level leaders, no competition. They’re run as utilities.
[1]: https://www.epsilontheory.com/do-the-right-thing/ https://www.epsilontheory.com/do-the-right-thing/
- plorg 6y agoMaybe it's because I'm cynical, but I assume that's how lots of American industry is run.
- webmaven 6y ago> Maybe it's because I'm cynical, but I assume that's how lots of American industry is run. It largely depends on the degree of regulatory capture (which, contrary to the views of many, isn't directly dependent on the amount of regulation per-se). Different sectors vary considerably. Passenger rail and agriculture are, IMO, the worst examples in the US.