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View Diary: Book review: Michael Lind's 'Land of Promise' (94 comments)

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  •  'Airline deregulation' was a parting of company... (1+ / 0-)
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    Calamity Jean

    ...with Carter's deregulation regime, and promises.

    I remember thinking at the time that deregulation, combined with the merger mania that began under Reagan, would result in three-, maybe four, giant carriers, and saying so at a dinner party in 1984.  This was when the media was still touting the "low fares are good for consumers" bullshit -- a predatory price war by monopoly companies has been  de riguer since long before John Rockefeller.

    I was just hoping, at the time, that the Justice Department would take its head out of its ass before we were reduced to only two mega-carriers.

    Now, I'm not so sure they will.  And I'm not sure that {shudder} even consumer retail will escape with a "balkanized" competitive market.

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