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  • Unfriendly skies

    The American Prospect - 11/03/2017

    Today, democracy ends at the gate entrance. The government relinquished control of the airline industry to a handful of CEOs—and more important, to a handful of shareholders on Wall Street. We merely converted regulation by and for the public into regulation by plutocrats, who now rule the friendly skies in their own interest. The airline industry’s spiral epitomizes the shifts in our economy since the Reagan era—deregulation, financialization, wage stagnation, and abuse of market power. “It’s the perfect example, too perfect in some ways,” says Northeastern University economics professor John Kwoka. “And since we all spend our lives in the air, it hits home.”

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