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I would seem prudent for an article complaining about deregulation and market solutions to mention the fact that: > "Foreign companies and individuals—think Ri
by jeffbax 10y ago
I would seem prudent for an article complaining about deregulation and market solutions to mention the fact that:
> "Foreign companies and individuals—think Richard Branson and Virgin Atlantic Airways—are forbidden by U.S. law from owning more than 25% of a domestic airline. That’s why Virgin America could be sold last year to Alaska Airlines over the express wishes of Virgin’s famous founder: He just didn’t have enough votes."
http://www.latimes.com/opinion/op-ed/la-oe-welch-united-competition-20170413-story.html http://www.latimes.com/opinion/op-ed/la-oe-welch-united-comp...
So while it may have become a cartel, like the drug cartels, policy really matters. I find it disingenuous to complain about a "naturally non-competitive market" like the NYT does, and not acknowledge the un-natural acts of policy keeping it such.