this post was submitted on 11 Mar 2025
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Isn't the 1980s mostly Reagan whom we and democrats alike quite hated for nearly everything?
The Democrats didn't hate Reagan enough to not continue with his neoliberal policies once they got back into office in 1992. In fact, the neoliberal era really started in the late 70s when the Democrat Jimmy Carter was in office.
What did Carter do?
Carter deregulated a lot, including the passenger airline industry.
To be fair, the regulations at the time meant that only the richest assholes could afford to fly anywhere. The airlines were literally forbidden from competing on price.
The problems started when Reagan allowed the first mergers.
I don't know if preventing mergers would have helped. There were a lot of airlines that went bankrupt during that time.
1993