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" ... But United is symptomatic of industry-wide problems that the entire industry must confront. Most obviously, what other industry denies service to prepaid customers and for such outrageous reasons? While Virgin and JetBlue are trumpeting the fact that they don’t bump boarded passengers, the fact that most airlines indulge the practice bespeaks a unique collective arrogance. My guess is, such oligarchic practices won’t change all by themselves, not when the audience is a captive one. That being the case, the airlines will have no one to blame but themselves if Congress and the FAA finally take decisive action. ... "
" ... Difficulty equals price. The harder it is to earn coins, the more valuable they become. It’s the same kind of logic that indicates a rise in price for Ethereum when there is a rise in transaction fees. Unlike the oligarchic system of proof of stake, proof of work defines its value through the work needed to earn the coin. While the aristocrats of proof of stake can lord it over the poor peasants and earn from their position in the wealth hierarchy with little real cost beyond extravagant clothes, proof of work has the rewards going to the hardest, smartest workers. Active work equals BTC not the POS passive position within the power money hierarchy. ... "
" ... Richardson’s book tells a story about cycles. In her view, the Republicans have alternated between periods of progressive reform and oligarchic reaction. ... "
" ... The implication here is that the Commonwealth is a new sort of community, one that’s a kind of oligarchic caste system where the rulers rule, the soldiers fight and the commonfolk do everything else, and no one rises beyond their station. ... "
" ... The tenure of a CEO in a publicly listed firm has become shorter over the years, according to research by the Conference Board. Their research found that the average tenure of a departing S&P 500 company CEO has decreased in recent years from roughly 10 years in 2000 to 8.1 years in 2012. Colin Price, Chairman of the Co Company, a consultancy that specializes in organizational health remarks that the tenure of CEOS has become shorter over the last fifty years. “One reason is the Lehman Brothers collapse. One positive thing is that thirty years ago, the average tenure of a CEO was 15 years and that’s too long as you run out of energy and there is a danger you end up with an oligarchic organization. However, the contrary argument is that if it’s too short-term, then it’s not long enough to implement fundamental change.” ... "