2022-12-28 06:21 UTC
@tprophet@defcon.social @Jessicascott09@infosec.exchange The sales pitch for US airline deregulation in 1978 was that it would make things wonderful for the consumer.
In some ways it has: A ticket is far less expensive today than it was when deregulation began.
But mostly the effect has been to reduce competition, starve out smaller markets, make a mockery of the terms “convenience” and “amenities,” and transfer wealth away from reinvestment and into executive compensation and stock buybacks.
https://airandspace.si.edu/stories/editorial/airline-deregulation-when-everything-changed
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