For saving us from the horrors of new competition in airlines. Richard Branson wanted to enter the US market with a low-fare carrier next year, but our vigilant servants at the Department of Transportation have refused to grant his Virgin Airways a license to operate because the business “is not under the actual control of U.S. citizens.” BBC story here.
Does this incident do more to support the liberal interventionist theory that government power is used for the betterment of the common people, or the curmudgeonly public choice theory that government power is used for the betterment of well-heeled interest groups?
