crossposted from unbossed
A few weeks ago we observed:
If you're worried about your safety when you fly these days, consider how dangerous it is to work for an airline bent on cutting corners just so it can stay afloat in the shark-infested waters of airline deregulation.
Those dangerous conditions come as a result of years of cost-cutting and ruthless competition, leading to bankruptcies and worse, as we reported back in 2005. They, like our financial markets, are the poison fruit of deregulation. And like the financial markets, the real costs were imposed on the public.