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You picked two areas with massive government regulation. So yes, when government acts as the intermediary, the private sector can stop failing at coordination.
by kaonashi 12y ago
You picked two areas with massive government regulation. So yes, when government acts as the intermediary, the private sector can stop failing at coordination.
- snitko 12y agoWell, you're not exactly correct. Airlines are indeed regulated, but not as much as they were before in the 1970s. After the deregulation of the Airline industry the prices dropped, and service levels increased. Telecomm, again, is only heavily regulated in the US. In my country it isn't, yet we do enjoy rather low prices and quite a nice service overall. Telecom operators also cooperate without any government intervention: at some point they realized it'd be great to have incoming calls from ALL operators free (they weren't before) and outgoing calls to be of the same price for any phone (they weren't).