Sam Peltzman
Sam Peltzman
Sam Peltzman is Professor Emeritus at the Booth School of Business, University of Chicago. He is an editor of the Journal of Law and Economics and was editor of the Journal of Political Economy from 1974-89. Professor Peltzman’s research has focused on issues related to the interface between the public sector and the private economy. His published work includes numerous articles in academic journals...
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The broad conclusion from tons of academic research is that private sector does things better than government. In a lot of these cases privatization is the only thing do because (large state projects) require a lot of capital and government entities usually have limited access to capital.
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Right now, it's the best of both worlds low fares and lots of flights. But that can't last, and everybody who doesn't have a flight available to them in the future will be worse off.