[R]eally just emphasizes my point that aviation is much better at making money than shipping.
More comedy gold! Thanks for another belly laugh, 43.
Without the shipping industry, half the world would freeze and half the world would starve. That’s why the shipping industry makes money. It’s ‘needed’, in the economic sense. Without it, lots and lots of people die.
Without the aviation industry, there’d be no aviation industry. It’s merely ‘wanted’ in the economic sense. Much of the commercial aviation industry that isn’t government subsidised is effectively a Ponzi scheme and that’s why Warren Buffet says what he has to say about it.