Sent from my Commodore 64
On Sep 17, 2015, at 12:16 AM, 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
