Regulation: Protecting Incumbents And Suppressing Competition

Regulation: Protecting Incumbents And Suppressing Competition Authored by Hal Snarr via Mises Institute, A previous article attributed widespread airline service failures not to individual carriers but to government interventions sold as consumer protections. Through a web of intricate regulations and controls, the state restricts entry, grants shared monopoly privileges to approved carriers, and creates what Rothbard calls a state-enforced cartel. The result is an illusion of c...

By Tyler Durden