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E162: Live from Davos! Milei goes viral, Adam Neumann's headwinds, streaming's broken model, microplastics & more
All-In with Chamath, Jason, Sacks & Friedberg
Challenges in the Aviation Industry and Regulatory Capture
In the aviation industry, there are challenges with the folks operating the planes having an incentive to resist technical improvements to secure their jobs. Additionally, a lack of competition fails to illuminate how society wants the market to operate. The example of TransDime Group, an aerospace parts manufacturer with a 53% EBITDA margin, highlights the complexity and lack of competition in the aviation industry, raising questions about appropriate competitive margins and market dynamics.
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