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"the blame ultimately lies with Congress." For de-regulating? Sure. But it shows that market capitalism is actually the problem, and governments are to blame f

"the blame ultimately lies with Congress." For de-regulating? Sure. But it shows that market capitalism is actually the problem, and governments are to blame for not managing, harnessing, and policing it stringently.

RajT88 3y ago
Dunno why you're getting downvoted from this. All that deregulation did increase America's GDP, but at the cost of income inequality and lack of real wage growth for most. If you're lucky enough to get into a profession for upper-middle class people, you'll be in good shape (like most of the people on this forum). Most people don't make it. Perhaps that's where the downvotes come from, is the tendency of people to think subconsciously, "I did it; everyone else can too, it's not that hard".
- jdminhbg 3y ago
  Cheaper flights didn't cause income inequality.
  - RajT88 3y ago
    We're talking about deregulation and the ills it causes. Do try to keep up.
    - jdminhbg 3y ago
      Yeah, that's the problem. This is a deregulation that we can't even pretend caused any of those ills. It's kind of dumb to try to lump it in with the ones for which there's a case.
refurb 3y ago
How is capitalism the problem? Go back to the 70’s before regulation when the government enforced minimum fares. Air travel has gotten much cheaper and far more accessible to lower income people. That sounds like a win for deregulation.