On 8/10/2016 11:34 AM, Jesse 1 Robinson wrote:
Airlines are no longer 'heavily regulated'. They used to be. Telecom was deregulated. Banks were deregulated. There was more competition in all these industries when regulation was in place. The 'natural tendency' of any industry is to consolidate to maximize profits and to dodge regulatory intervention. That's why Delta is so big and independent. And so unaccountable.
Airlines are still *very* heavily regulated by the FAA. The Airline "deregulation" of 1978 was primarily the removal of government-imposed entry and price restrictions.
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