The Attorney General found the handful of California refineries too small to produce genuine competition. Three recently announced fare hikes averaging three percent, but two major airlines failed to follow suit. Within days, the three price-hikers rescinded the price increases. Pepsi and Coke control 80 percent of the soft drink market, yet compete ruthlessly on prices. In short, capitalism works.
Prosperity leads to a cleaner environment and improved working conditions.
But, first, people must eat. And this explains why the WTO non-industrialized countries told President Clinton to butt out. Minimum wage laws. Government management of healthcare. JWR contributor Larry Elder reads all of his mail.