Part of the issue is that the government did not anticipate the steep increase in airline travel, so the TSA is now rushing to get new screeners on the line.
Whatever their merits or demerits, the traditional organizations went into steep decline during the 1950's and 1960's. The old organizations lost the ability to maintain internal discipline.
In fact, in line with past experience, capital expenditure in the oil sector has dropped sharply in many producing countries, including the United States.
Yet it becomes a striking departure from the historical norm when you look back and find that profits last hit such a lofty percentage of GDP more than 50 years ago and dropped shortly thereafter.