Changes in the travel industry are often a rorschach test for one’s own priors. Matthew Yglesias says “Marriott/Starwood merger is another case of the rich getting richer” but he gets it exactly backward.
I’m not going to make any points about income inequality in the United States or the world. But I am going to make a point about the particulars of how Marriott Rewards and Starwood Preferred Guest work, and about his take on American AAdvantage devaluations. Because they simply do not get him where he wants to go in making broader claims about society.