Great example. An highly regulated field (aerospace) put so many barriers of entry for startups and competition that the incumbents simple have to reason to innovate or even compete anymore.
I heard there used to be dozens of plane-building companies when the field was unregulated, with new, more efficient models and lower prices appearing regularly. I wonder what happened.
I heard there used to be dozens of plane-building companies when the field was unregulated, with new, more efficient models and lower prices appearing regularly. I wonder what happened.