Robert ReichIs it possible that airline passengers are experiencing soaring prices and bad service because the number of domestic carriers has shrunk from 12 in 1980 to 4 today — with many cities served by only 1 or 2?
Christopher Walker@rbreich apologists for the concentration of corporate power always point to Adam Smith to justify a hands-off approach to regulating capitalism. But Smith plainly said that competition is the key to capitalism delivering social benefits. Consolidation is anti-competitive.