Re:Airlines Are Just Banks Now
by rrrrrrrrrrrryan on Thursday September 21, 2023 @05:11PM
(#37604409)
By default, company executives are beholden to the shareholders (i.e. the wealthy).
In a healthy competitive market, they're also reactive to customer desires, but when they're presented with the opportunity to decrease competition through consolidation or other means, it's blatantly obvious where their true loyalties lie.
A young doctor with $100k in med school loan debt is part of that “bottom 50%” of wealth but nonetheless an extremely attractive target for “the market”.