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Well, yes the airplane industry is highly regulated. But the endless pursuit of growth is a feature of unchecked capitalism. And my understanding is that there
by TaylorAlexander 7y ago
Well, yes the airplane industry is highly regulated. But the endless pursuit of growth is a feature of unchecked capitalism. And my understanding is that there has been more “self regulation” attitudes in the airline industry in recent years. So it makes sense that you would begin to see features typical of unregulated capitalism in an industry that is relaxing regulation.
- WoodTree 7y agoRegulation doesn’t mean it would be safer, just more bureaucratic. There are plenty of examples in the US of regulators failing to properly regulate like in Flint. Adding these regulations often benefits the capitalists more, as it raises the barrier of entry for smaller competitors and makes the market less competitive in the long run.