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Your point about the US allowing foreign investment in airlines is intersting. As part of the Open Skies accord once Heathrow was opened up to US carriers the reciprocal agreement and stage 2 should have been for overseas airlines to have higher stakes in US airlines (ADDED – and for foreign airlines to operate point to point services domestically in the US). For some reason this has hasn’t happened and people seem to have gone quiet on the issue. People mentioned it should not have happened unless both happened simultaneously.
Your other point is valid. Whilst NIRscot is right in that is how the free marlet is supposed to work (in theory) in obviously doesn’t happen in practice. I thought Cross-subsidy was illegal but then how do you prove that. But yes it does seem odd that they can run foreign investments at a profit to subsidise domestic goods & services (if that does indeed happen) and we let them get away with it.
As for the railway observation – well bonkers – and it is Tories and Labour who are equally responsible for this. The answer – vote for someone who will do something about it if you don’t like. Problem – not sure there is any mainstream party who will do anything about it.