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I can't follow the argument - increase competition in an industry that is already operating at a net loss? This will decrease prices even further. Instead, the
by cmarschner 11y ago
I can't follow the argument - increase competition in an industry that is already operating at a net loss? This will decrease prices even further. Instead, the US domestic market is big and closed enough that the government can set better rules for all players in the system that would benefit everybody - e.g. mandate that ticket prices are always shown without any hidden extra costs.
If you offer an interchangeable product wirh low entry barriers in the service industry, those who operate the service will suffer. Period. That's why all over the world taxis are regulated and artificial barriers like licenses and standard rates are put in place to keep some profit in the industry.