Yes, sevenstrokeroll, I think I now see more clearly where you are coming from. The stable management of utility services brings wealth to a country. In the UK, we introduced a 'light touch of regulation' in the 1980s from the then Conservative government. What that has translated into today is - almost no regulation at all.
Air travel is now - almost - a utility like water and electricity, as it is a fundamental component of modern life. In earlier days, first the coaches (horse, then motor) and then the railways were regulated so as to be fair to all. Airlines were never fair to all, they were regulated to be safe. Now - other than arranging bilateral agreements - they don't regulate at all. And you are right, it ain't working. Unfortunately, before it can be repaid - it has to actually break down and almost stop working. That is human nature.