Similarly, the secret to overcoming congestion in the United States will not be by adding airports, difficult because of noise and other restrictions, but by making efficient use of existing facilities. Those are the kind of solutions Slater was talking about at his Washington meeting. And the airline industry has expanded employment and routes even as smaller companies have been able to succeed. Southwest Airlines has been the most successful U.S. carrier under deregulation. And smaller airlines are flourishing in Europe and Asia.
Technology keeps moving on.
Improved transmission technology allows electricity to be sent over long distances with less power loss. Gas-turbine generators allow for smaller power plants to be built at less cost. Capital is more widely available to finance electric power. The need for local monopolies to control the resource has given way to the need for competition. Britain deregulated in 1990, using a central auction pool to set prices.