southwest throwing away 50+ years of goodwill as a trustworthy and celebrated airline because they got bought by an investment firm less than SIX MONTHS AGO is … you can’t help but laugh.
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I really wish people would realize how terrible capitalism is. We get fed this bullshit from birth that it’s the superior way to do everything and the mother of invention. You know what’s the mother of invention? Government funding. Capitalism is about squeezing the last drop of joy from everything
The book 'Plunder' is a good book on the general topic of Private Equity and how it does this to many of the companies it acquires.
Scariest part is how private equity is quickly becoming the number one way to get funding for various projects and initiatives in the US. They'll ruin everything.
Private equity acquires businesses with cash flow, milk them for as much cash as possible then when the cow is all dried up, put the company down. That's the model.
Four years from now, they will declare bankruptcy, as the equity firm that purchased them will have declared the purchase price as debt against the company. Private equity purchases are basically a way to extract money from thriving businesses for no cost and no requirement to repay.
Time to avoid Southwest. Signal investment firms they can go fuck themselves when they ruin companies in their quest to squeeze out every drop of profit.
Literally the only reason my family flies SWA is because of no extra fees for things like checked bags. They have now removed this incentive and when you compare them with airlines now, there's really no reason to fly SWA anymore
Southwest threw away good will when they left me stranded in Baltimore on Christmas Eve because they were too cheap to fund upgrades to their computer systems. Never will fly with them again
Step 1. Beloved company rises
Step 2. They sell out
Step 3. The business men come in,
Step 4. Profit is maximized, costs are hyper minimized, customer is shafted
Step 5. Consumer confidence fades
Step 6. Return to step 4 until bankruptcy
I just found out recently that Dunkin got bought by a hedge fund/VC whatever. And now I realize why I don’t go there as much anymore. Quality ⬇️ ⬇️⬇️⬇️
You could not pay me to fly during this regime and once musk and his fucking children get their know-nothing mitts on the FAA a lot of people are going to die in horrible fiery ways.
They lost my goodwill years back when they stranded us for three days. Haven’t flown since on SW and still have points on their branded CC so I guess even if they let me fly for free, no way.
the airline already has no charging stations on planes, no tv’s, every other airline of note with primary service in america has free wifi (if you have t-mobile), flight prices have steadily increased and the “wanna get away” $49 flights aren’t exactly to prime destinations.
I agree with everything you said except the “no charging stations” - I was on a SW flight on Thurs and Sun last week and they both had in-seat power via usb and usb-c
really? interesting. I feel like it’s still not universal for all of their planes and if you do get one plane that has it, you feel like you’ve hit Valhalla.
literally since they got bought, there have been layoffs - a near first in company history mind you! - there have been wild policy announcements and now this.
The airline are bad enough, but most people don't have to fly.
All of us have to eat, have housing, medical care, and clean water and air :
Private equity buys up farm land, food processing plants, homes & apartments, hospitals and clinics, open land and forests.
Private equity will not save us.
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Scariest part is how private equity is quickly becoming the number one way to get funding for various projects and initiatives in the US. They'll ruin everything.
Competition. Capitalism. This is what it reaps.
it’s quite literally their playbook
they make money leveraging non-fungible value in companies
eg goodwill and a solid reputation vis a vis southwest
not sure if they loaded it with debt first but they then cut costs etc until they pick the carcass clean then shutter it
sad
Step 1. Beloved company rises
Step 2. They sell out
Step 3. The business men come in,
Step 4. Profit is maximized, costs are hyper minimized, customer is shafted
Step 5. Consumer confidence fades
Step 6. Return to step 4 until bankruptcy
MCI to ORD for 2, $1200 (direct)
MCI to RNO for 2, $1500 (1 connection)
United, Delta and America are now cheaper than Southwest with better amenities.
All of us have to eat, have housing, medical care, and clean water and air :
Private equity buys up farm land, food processing plants, homes & apartments, hospitals and clinics, open land and forests.
Private equity will not save us.
single.
time.