Competition is the American way. In business, you hear the following saying: “If we don’t take care of the customer, somebody else will.”
As a nation, back to Teddy Roosevelt’s trust-busting and before, we’ve been well trained to distrust monopolies, or even situations where competition is limited to a handful of providers. We have about eight major airlines in the U.S., and that choice is often painful enough.
But would we ever let our airlines merge such that there were just two? How about our banks?