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People should be free to choose what is best for themselves as long as they do not infringe on the rights of others to do the same. I created this blog to discuss issues I have with big government, liberal media,and to talk about my support for capitalism and the Iraq War.
2 comments:
I think he makes a pretty good argument. "In the three decades before deregulation, the commercial aviation industry had only three unprofitable years. Since then, it’s had 14 losing years."
And, if an industry is so ingrained in the American economy that if it fails, the American economy and global economy goes into the shitter (think the banks), it should be regulated.
Bottom line is, it seems to me that times have changed when a CEO would do what is right not only for the company but also morally and ethically what's right. Unfortunately those times are LONG gone. CEO's these days know that they can focus on the present and what's best for the bottom line right now, rather than focusing on the longer term, bigger picture.
They don't care about the future because it will not affect them monetarily. No matter they're decisions, they're getting paid. If they take the company to the top, they get paid. If they take the company to the outhouse, they might get fired, but they will definitely get paid, and then move on to the next company.
After seeing what's happened with the banks, I'm thinking that regulation is not such a bad thing.
This is a horrible idea. Our federal government has grown tremendously in the last decade, and the last thing we need is a new beauracracy of regulators wasting taxpayer money.
Airplane travel still exists, and will continue to exist. Demand will not go away, so why does anyone think the airline industry will simply disappear? There is profit to be made there.
It is not the government's job to regulate industry because the government sucks at doing so. That's why capitalism beats socialism every time.
Perhaps enforcing a reasonable contractual obligation between passengers and airlines would alleviate most of this writers gripes. That I have no problem with. Other than that, let the market decide.
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