Regulation is not government run. Does anyone seriously think the banks do not need regulation?
What about insurance? Does this industry need to be regulated?
All monopolies need to be regulated. Delta, United, AA, US Airways etc, are hub monopolies and like all monopolies, they abuse that power. We have been regulating and breaking up monopolies since the 1800s. Anyone remember when AT&T was a monopoly?
Fortress hubs need to be broken up, as do monolithic airlines. Let Delta form alliances with international carriers and compete on the world stage, but creating huge domestic monopolies is anti-consumer, unhealthy and diminishes choice and service quality. The drop in US airline standards is precipitous and dramatic. It is long over due for regulation.
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