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« Reality Bites | Main | 20,000 and Counting » November 29, 2002United's BankruptcyAs United Airlines grows closer to bankruptcy, there will no doubt be calls for the federal government to step in to keep United afloat. Here's hoping that President Bush actually clings to some tattered remnants of his belief in the free market and lets United fail. Yes, it's entirely possible that United would not have failed if it were not for the September 11th attacks, but the airline industry was already in dire straits prior to 9/11. Mismanagement and poor customer service are the true culprits for the troubles the industry now faces, and the federal government has no business stepping in to try and forestall needed reforms in the industry with infusions of cash. I have no doubt that, should United fail, it will be painful for the industry. But I'm just as sure that such a failure will be good for the industry in the long term, because it will force airlines to find better ways of doing business. Better some pain now than many more years of chronic pain later. Posted at November 29, 2002 10:07 PM
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