Privatizing Airline Safety and Security
Cleveland, Paul A., Tacker, Thomas L., Ideas on Liberty
The events of 9/11 underscore the importance of improving the safety and security of air travel. The government's response to the terrorist attacks employs a command-and-control approach. That approach ought to be questioned. After all, it was the Federal Aviation Administration's system that failed on 911. Why should we expect additional controls to be more successful? Are there other choices?
Among potential options, Robert Poole has long proposed privatizing airline safety and security through the insurance industry.1 The financial risks involved provide the insurance companies incentives to regulate the airlines effectively and efficiently without imposing costly rules that …
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Publication information:
Article title: Privatizing Airline Safety and Security.
Contributors: Cleveland, Paul A. - Author, Tacker, Thomas L. - Author.
Magazine title: Ideas on Liberty.
Volume: 52.
Issue: 11
Publication date: November 2002.
Page number: 6+.
© Not available.
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