Airlines flying empty planes to keep flight slots during coronavirus outbreak • Hacker News Board

Re: Airlines flying empty planes to keep flight slots during coronavirus outbreak

#361

Post by sova » Mon, Mar 09, 2020, 3:00 PM UTC

snickell wrote: post #359

sova wrote: post #338

Earlier quoted context omitted.

Out of curiosity, how would a "libertarian" propose we achieve economic anything without large individual concentrations of wealth?

Remove limited liability as a concept: stop funding the extrinsic risks of large corporate actors. Don't shield stockholders from criminal and unethical acts committed in the organization's name. Watch the incentives change and only very small companies exist. Where necessary, big companies will be run VERY cautiously, as they should be. EDIT: of course this would "economically devastating", at least to the present w…

Changing the landscape of the Savannah in favor of "only tiny cheetahs" risks deleting cheetahs altogether. What level of concentration is undesirable, and what level is necessary for the next investment?

Re: Airlines flying empty planes to keep flight slots during coronavirus outbreak

#362

Post by sova » Mon, Mar 09, 2020, 3:33 PM UTC

nicoburns wrote: post #345

sova wrote: post #338

Earlier quoted context omitted.

Out of curiosity, how would a "libertarian" propose we achieve economic anything without large individual concentrations of wealth?

Essentially much stronger anti-trust laws which break up large institutions, and distribute large concentrations of wealth. It's the only way to spread power.

Thanks for your reply! this is a very interesting dialogue about Wealth Concentration and Ability to Make Economic Moves. Recall Standard Oil, and how anti-trust laws were passed to try and break up this monopoly, but it was many decades too late as the damage had been thoroughly done -- wiring for oil oligarchy was set in place and could not be untangled. In these cases, is there a more elegant solution than the post-fact "since we cannot create competition, naturally or artificially, split your winnings with the government." ?

Destroying concentrations of wealth, but keeping individual humans responsible for wealth echoes the faulty assumptions of communism; if we dilute economic power too greatly by reducing concentration too much, we may be able to allocate excess funds to the creation of new competition in the domain (government-funded anti-monopols), but that simply deletes profit and deletes the profit-incentive of new industry.

"Power always comes from some abstract entity that everyone can talk about, but no one can point to."

I find a huge chasm in understanding between wealth concentrated on individual humans who have their own motivations, and concentrations of wealth in corporations or distributed decision making entities. Which are we opposed to?

Re: Airlines flying empty planes to keep flight slots during coronavirus outbreak

#363

Post by kortilla » Tue, Mar 10, 2020, 2:30 AM UTC

kalleboo wrote: post #358

kortilla wrote: post #349

Earlier quoted context omitted.

There is no large country that has amazing Internet everywhere. Size does matter in this regard.

"everywhere" is moving the goalposts. The US (and Australia) doesn't even have amazing internet in the cities.

It does, both of the last two metros I lived in offered gig symmetrical fiber to my apartment for $70/mo.

Re: Airlines flying empty planes to keep flight slots during coronavirus outbreak

#364

Post by wutbrodo » Wed, Mar 11, 2020, 6:50 AM UTC

zulln wrote: post #246

wutbrodo wrote: post #211

Earlier quoted context omitted.

What's the purpose of the "fully crewed" requirement?

Guess it is because this > (some) jobs are kept secure

Right, I guess it just seemed like a huge non sequitur. While we're expanding welfare, why not do it in a more principled and efficient way than "whoever happens to work for an airline right now"