First, derailing the airlines might be necessary for environmental rationality.
http://www.breitbart.com/news/na/D8COL13O4.html Second, Gene Coyle is absolutely correct that free markets cannot work with an airline-like cost structions. Finally, David might explain why workers sit so far down in the bankruptcy pecking order. Is their anybody else between workers & equity holders in the pecking order? p.s. Why do the incompetents who push their firms into ruin get plush deals to steer the corp. through reorganization? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
