[salawat]

Regulation didn't cause mergers. Non-enforcement of anti-trust law did. M&A's simply should not have been approved over the last few decades the way they were. You're trying to say it was the regulations that were the problem, but it is unironically the size of the regulated compared to manpower of the regulator that was the problem, which becomes a non-issue when you don't keep allowing mergers and acquisitions. Many small redundant competitors is manageable and a veritable incubator for innovation. One massive Leviathan conglomerate is a vehicle for regulatory capture and public abuse. You complain about the FAA, when the true culprit was the FTC approving mergers time after time freeing up capital that'd otherwise have needed to be put to use gaining competitive advantage and innovating for use to muck with the political landscape. Get where you're coming from, but you're blind as to the cure. A regulation could 100% have avoided the MAX situation. That regulation had nothing to do with airplanes, but maintaining a healthy and competitive domestic civil air transport industry, rather than a massively conglomerated one. We know corporate hierarchies attract psychopaths. The aim is to have as many slots at the top so that enough of them can be filled with the non-psychopathic so that society isn't held hostage by a handful of TBTF's all governed by psychopaths. If it is in threat of being TBTF, it should unironically be priority 1 to split, subdivide, and duplicate until redundancy allows part of it to be able to safely fail. Only then can it safely managed.