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1/ Just identified a great article on the below by @glichfield in @techreview. Key quote: “Getting to normal, therefore, is not so much about getting back the old normality as it is about getting back the ability to know what is going to happen tomorrow.”
https://www.technologyreview.com/2020/04/12/999117/blueprint-what-it-will-take-to-live-in-a-world-with-covid-19/">https://www.technologyreview.com/2020/04/1... https://twitter.com/nycryptolawyer/status/1248635506046504960">https://twitter.com/nycryptol...
https://www.technologyreview.com/2020/04/12/999117/blueprint-what-it-will-take-to-live-in-a-world-with-covid-19/">https://www.technologyreview.com/2020/04/1... https://twitter.com/nycryptolawyer/status/1248635506046504960">https://twitter.com/nycryptol...
2/ Why is this so important? Because the economy cannot “open up” until serious thought is given to how that opening will actually work. Some key questions are in the below thread: https://twitter.com/nycryptolawyer/status/1249344299688513536?s=21">https://twitter.com/nycryptol...
3/ For example, #Airline business models are designed around achieving a certain minimum load factor and predictable schedules. How does this comport with the development of a “passporting” system with free movement only for those tested to have antibodies?
4/ Load factors below a certain level are uneconomic. So will the federal government have to subsidize all major US airlines until enough people have “passported” (and are actually flying!)? How long will that be and how much will that cost?
5/ Are all three major US domestic carriers subsidized to continue to fly multiple half-empty flights, or would it make sense simply to subsidize one carrier to be as full as possible on a given route? If so how are those decisions made?
6/ And what becomes of smaller carriers who cannot achieve sustainable load factors for the extended period of time needed while we wait for recovered passengers to be “passported” so that they are free to move around? Are they left to go insolvent?
7/ Bear in mind that this is just one industry we are speaking of - there are many more to consider.
This thread is not to bring “doom and gloom”; it is intended to spark an informed discussion about these issues, which are critical to all of our economic lives.
This thread is not to bring “doom and gloom”; it is intended to spark an informed discussion about these issues, which are critical to all of our economic lives.
