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by RonaldSchleifer 2462 days ago
When it comes down to is, the failure of Thomas Cook comes down to a single thing, the inability to have any kind of forward looking strategy and ability to adapt to changes.

This story has been told at least dozens of times now in the last two decades in particular and ever time it is some combination of a scapegoat excuse and ... of course, climate change done done it! ... when in reality it was an utter failure of leadership to not notice the shifting enemies on the battlefield or being able to adapt to those changes ...

Sears/Kmart, WalMart (even though they are trying), all the book stores (even though B&N is putting up a good fight), ToysRUS, Taxi services, etc.; even, arguably, the whole US economy that is now realizing that "holy shit, maybe we shouldn't have bet the farm and slaughtered that golden goose so the ruling class or fools could get rich quick by selling their own people out to China/India.

They are all cautionary tails of hubris ... nothing more, nothing less ... regardless of how little people want to learn from them.

1 comments

It's not only the failure to adapt to changes or hubris that is to blame. Sometimes it's simply greed (see for instance https://news.ycombinator.com/item?id=16904564)