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 competition that allows poor service to persist without attracting better alternatives. This article examines how the same pattern protects incumbents and suppresses competition across other industries. The banking system provides perhaps the clearest example.… — Continue at ZeroHedge News : Read More
