One might do well to consider the conditions in aircraft/airlines and
spacelaunch/commercial profit breakdowns.
Airlines and airframers being apart was not the natural way of things.
Next time Loral is supercheap, Elon may take a bite...
George William Herbert
Sent from my iPhone
On Sep 16, 2015, at 9:16 PM, David Weinshenker <daze39@xxxxxxxxxxxxx> wrote:
Bill Claybaugh wrote:
Why assume evil when nature is a sufficient explanation?
Airlines are both commodity businesses--they have no pricing
power--and service businesses--they have inherently high
costs--so they naturally, through competition, fall to no
profit pricing. Space transportation is no different.
So what you're saying is that transportation (space, air, or
otherwise) - as a business - is a relatively pure example of
the sort of "flat and crowded" market in which "racing to the
bottom" may be expected as an emergent behavior?
-dave w
