A long time ago I lived in Texas, and one of the (few) high points of my stay there was reading Jim Hightower. So I was pleasantly surprised to see him still fighting the good fight in an article about the airlines.
Apparently, a number of airline CEOs are claiming that the problem with the American aviation business is that there are too many airlines. As the former chairman of Continental Airlines put it “I mean, do we really need 19 domestic airlines in the United States? I think three or four network airlines would still give you plenty of competition.” The airline CEOs are promoting a rash of mergers and acquisitions to consolidate the industry into fewer and bigger corporations.
You know, just like the banking industry, the American automotive industry, the American healthcare industry, the corporate-owned media, and all those other “too big to fail” companies that are now screwing us over in one way or another.
Says a top official at American Airlines, “We have an industry that is too fragmented, with too many competitors and with different ideas of capacity, pricing and strategic activity.”
No, we can’t have any of that nasty competition here! What do Americans think we are? A free enterprise system with open markets? Hah!
But go read Jim’s take on all this. I can only dream of writing like he does.