![]() ![]() The September 11 tragedy has revealed the deep downside of a cut-rate airline security system. On the other hand the market does compel competitors to ruthlessly cut costs and in the process, important services. On the ground, it is clear that the performance of airline companies operating under competitive conditions varies widely. That vigorous competition results in more efficiency, more choice, lower prices and more innovation has become an article of faith no longer open to discussion.īut that mantra is based largely on the uncritical acceptance of contemporary economic thought which relies heavily on abstract theory and studies, utilizing techniques based on dubious assumptions. I realize, of course, that one is not supposed to have such sacrileges thoughts in this neo-liberal era. The unthinkable alternative would be to nationalize Air Canada making it once again into a Crown corporation. ![]() With the recent collapse of the charter airline Canada 3000 the time has come to reconsider what has become the unthinkable.Īmongst the nation’s economic punditry the favoured solution to our current air transport crisis would seem to be the welcoming of foreign capital and foreign owned firms. ![]()
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