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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (11527)	9/21/2008 4:15:26 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71442

Telecom was the one deregulation success As new technology had changed the underlying economics of the industry, telecom was no longer a "natural monopoly". en.wikipedia.org In contrast, the power utility and airline industries were other deregulation fiascoes. Power utilities, unlike the telecom industry, remains a natural monopoly. The airline industry, like banks, need regulatory oversight in order to maintain safety standards. In this context, deregulating the airline industry revealed an aspect of natural monopoly to the industry when deregulation led to a shortfall of funds required for proper maintenance. Long after the US airlines had sunk to near Aeroflot standards, murdering customers by manufacturing their own jury-rigged jack-screws and foregoing lubrication, the Australian government privatized Qantas. The safest airline in the world has quickly developed a string of equipment failures which have resulted from a lack of proper maintenance. Many in Australia are now calling for a regulatory scheme for Qantas now that they have proved to be unable to provide safe service as a private company. .