cheryl
Administrator
Staff member
Flight Times May Soon Be Cut in Half—Thanks to Capitalism - FEE
Boom’s growth illustrates the beauty and power of markets. They incentivize businesses to experiment and find the best means of satisfying customers, because businesses win when their customers win.
Denver-based startup Boom Supersonic has been developing a passenger jet that will fly faster than the speed of sound, and United Airlines recently announced a deal to buy fifteen of them, with an option to buy thirty-five more if safety tests go as planned.
All progress involves risks, some known, some unknown. But some people overestimate risks because they operate on the assumption that a business’s interests inherently conflict with those of its customers: It’s the company’s bottom line versus the customer’s safety—or that of the world at large.
Boom’s growth illustrates the beauty and power of markets. They incentivize businesses to experiment and find the best means of satisfying customers, because businesses win when their customers win.
Denver-based startup Boom Supersonic has been developing a passenger jet that will fly faster than the speed of sound, and United Airlines recently announced a deal to buy fifteen of them, with an option to buy thirty-five more if safety tests go as planned.
All progress involves risks, some known, some unknown. But some people overestimate risks because they operate on the assumption that a business’s interests inherently conflict with those of its customers: It’s the company’s bottom line versus the customer’s safety—or that of the world at large.