> Isn't each individual airline is itself a command economy, internally?
The difference is that airlines, no matter how large they are, have to deal with the reality via market forces. So there's a feedback mechanism that will eventually point out if your commands are correct.
Command economies (or sectors of economies) don't have such a mechanism, so they can stay inefficient forever.
The difference is that airlines, no matter how large they are, have to deal with the reality via market forces. So there's a feedback mechanism that will eventually point out if your commands are correct.
Command economies (or sectors of economies) don't have such a mechanism, so they can stay inefficient forever.