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By "deregulated", this doesn't mean safety standards were eleminated, which i think is how many would interpret this. Instead, it ended price controls, competi
by missedthecue 5y ago
By "deregulated", this doesn't mean safety standards were eleminated, which i think is how many would interpret this.
Instead, it ended price controls, competition barriers, vendor cartels and so forth. The Carter administration also did this to the airline industry which made flying affordable to the average person.
Tickets today are cheaper than they were in 1970.
https://www.theatlantic.com/business/archive/2013/02/how-airline-ticket-prices-fell-50-in-30-years-and-why-nobody-noticed/273506/ https://www.theatlantic.com/business/archive/2013/02/how-air...
- alistairSH 5y agoWould they? Deregulation in the Reagan era was largely about competition. AT&T, airlines, trucking, etc.