News came today of United Airlines and Continental Airlines "merging". This will undoubtedly be the same type of merger where Delta swallowed up Northwest and became the worlds largest airline. Now United may become the worlds largest airline. Indeed both United and Delta are the size of the earth itself and it's merely a matter of time before they are failing and we will end up with the bill.
More incredible is how (up until now) Delta has been touting themselves as the world's largest airline in their marketing - as if that's endearing to the flying public. Considering the size of these companies and the impact on employment, transportation, and other factors - what reason do we have to believe that these companies won't end up in the same scenario as GM, Chrysler, or the large financial corporations that were bailed out?
If these companies become too big to fail they should be deemed too big to exist. Delta should not have been allowed to eat Northwest, and United should not be allowed to absorb Continental. Get ready for for less choice, higher prices, and the inevitable bailouts. Thanks Wall Street! This is going to bite all of us in the ass.
http://news.yahoo.com/s/ap/20100503/ap_on_bi_ge/us_united_continental
(Fat cat picture courtesy of a Gizmodo post about AT&T)
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