Re: [PEN-L] Neoclassical bizarreness!!!

[Eugene Coyle]

My perspective on the discussion is that it was on the question of whether or not an industry with the cost structure of airlines can be stable in a competitive mode.  My answer, with 100% confidence, is "No."     Thus the industry requires a conspiracy to fix prices or regulation. Or, a change in anti-trust law.     Then there are all the ancillary questions to be addressed if it operates, as it does, unstabley. Gene Coyle David B. Shemano wrote: James Devine writes: I am continually amazed how some people on this list are so apt to attribute opinions to others without any evidence. I'd like to see quotes from pen-l indicating concern for corporate profit. As far as I can remember, the only concern has been for workers and customers, i.e., for people, not corpos. This is bizarre. I thought the topic of discussion was why so many airlines are in bankruptcy and are having so much difficulty making a profit, which in turn was exercising a downward pressure on wages and benefits. I sensed a concern that this was a bad thing, a critique of capitalism, etc. Was I wrong? If I was wrong, what was the point of the discussion? David Shemano