Reward for lost Kraken!
Join Date: Apr 2006
Thanked 137 Times in 134 Posts
Rep Power: 11
" Since that is totally unsustainable it will have to break, which means it'll get fixed. Whenever you get such massive inefficiency in a system it becomes extinct and something more efficient replaces it. It's happened in the auto industry, it happened in the railroad industry before that, it's happened in just about every industry at some point. "
What might ask, what are you pretending TO know?[g]
The auto industry is in the process of shifting and collapsing, nothing has actually changed and come out anew yet. Cheaper players (like the Japanese, subsidized by their government) have taken large market share--but the US players have yet to make any real significant long-term changes.
Ditto the rail industry, which simply was decimated by airlines in the US, and still has never recovered much less regrouped from it. What we've got left are Amtrak passenger rail runs--which take twice as long as they did 50 years ago, and cost more than the airlines do, and Amtrak may yet be shut down and terminated as a failure by Congress and their failure to become independent and profitable.
Then there's the deregulated aviation industry, where safety is measured in "costs per death payment" rather than 'safety", and except for the government bailout after 9/11, we'd have seen United and American both driven into bankruptcy by $50-100 BILLION dollars in claims, and their route probably sold to ElAl and Air India, both of which have security policies which would have prevented 9/11 entirely.
Healthcare? Yeah, the prices are going up, the providers (what used to be called "doctors") are going broke, the subscribers are getting screwed, the executives are making huge money--and the state and federal regulators ignore it all. Watch for an NBC-TV national report by Brian Williams in another week or two, highlighting the way that Medicare abuse reports are being ignored by city, county, state, federal, FBI, Medicare, agencies at all levels. Ignored--instead of being investigated. There's some big time ineptness (or corruption) going on.
Changing the rules? Sorry, my friend, it will take a revolution, and we've all been taught in school that good little droids don't do that.