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Ed, Perhaps we should look at the number of air carriers that are not under
bankruptcy protection. The free market (when it exists) tosses out the companies which fail to
supply the best service at the cheapest price. Either they must shape up, or they are discarded, thereby rewarding the
companies that are providing good service. The large airlines enjoyed an
ongoing monopoly until deregulation. Then, instead of air travel being the choice of the privileged, whose
trips were often paid for by their companies or by the government – the skies
opened up to the great unwashed. I still hear complaints by those favored people who wish the old days
were back. It’s not “regulations” that deter crooks but the
laws that punish them. That’s why there is no crime. However, the blame must really be attached to the owners of Enron who
allowed their employees to play fast and loose with their property. Just got back from Vegas where my #3 daughter Wendy (who won earlier the
$25,000) is still winning – about $5,000 over the four days. Two of them
were jackpots, so she had to fill out IRS forms. I watched her work from afar
(she doesn’t like others watching her). She played the quarter slots until she had about $120. She then went to
the dollar machines and played herself down to about $30 whereupon she got a
jackpot of $1,440. She signed the IRS form, collected her money and deposited
it in her bank. Anyone who comes to Vegas I would advise booking at the Orleans Hotel.
The bedrooms all have a little living room attached compete with a sofa and
armchairs. Cost - $59.00 a night. The outside valet area is crowded with cars. Maybe 6-7 valets are busy
parking them. We went to the Flamingo and had breakfast one day. One egg was
$3.85, two eggs $5.85, a sausage another $3. We learned that the Flamingo
(where I had stayed in the past) now charged $199 a night for their ordinary
rooms. Outside there were two bored valets and two cars. I decided the market was operating well. Harry PS. I wish I knew how she does it! ******************************* of 818 352-4141 ******************************* From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] On
Behalf Of Ed Weick > Perhaps no idea is grand enough to Not so sure of this. I believe
there is a growing skepticism about deregulation - witness the number of air
carriers under bankruptcy protection and the Enron/Worldcom etc. messes.
Several countries, major economic players like China and Russia, are not buying
into the "New American Dream", which isn't so new and has indeed been
around long enough to develop a lot of tarnish. And one has to wonder
whether the "Dream" really is about free, open, deregulated markets.
What the Americans seem to be pushing is markets amenable to their control, and
not something that arises out of some form of multinational consensual process. Ed
> Ed Weick wrote: |
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