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The reason is that regulation has killed competition and the market has reached an equilibrium where margins are razor thin.
by bilvar 3y ago
The reason is that regulation has killed competition and the market has reached an equilibrium where margins are razor thin.
- waihtis 3y agoI think it's not a margins issue - plenty of good money making machines doing this - but definitely a not-enough-competition issue.
- sfn42 3y agoThere is competition and they're all the same. It's a capitalism issue. Less expenses = more profits and that's literally the only thing that matters. Corporations only do things for one of two reasons - money or regulation. If they don't have to and it doesn't make money, they don't do it.
- waihtis 3y agowhat is your alternative system to capitalism?
- sfn42 3y agoNever claimed I had one. I just don't think the current system works very well. CEOs are overpaid and have too little liability. Corporations happily break the law and in many cases the only consequence is that they have to pay what they should have paid in the first place. Or a slap on the wrist fine that's less than they earned from the crimes. Get rid of corruption and enforce laws properly would be a good start.
- waihtis 3y agoCapitalism is just a system where industry is own by private entities and is for-profit. Corruption or laws have nothing per se to do with capitalism.
- bilvar 3y agoNope, there used to be a lot more airlines, all now absorbed or merged to a few select ones. It’s not a profit issue, but their ability to survive.