Taily,
Unfortunately you are probably right, the Philippines is a classic example. The country is run by a cabel of about five or six "Families" who divide the country pretty much as a medieval feifdom.
Singapore is really just a giant corporation under the control of a few elite.
The problem here is our regulator is not just corrupt but stupid.
As the cost of doing business continues to rise under the ever increasing regulatory burden there will reach a point where customers will no longer be able to afford the services. A smart investor today would look at aviation and the risks apparent in becoming involved and walk away. That's why only the dreamers continue, under resourced and continually struggling to survive.
So our regulators, happy with the odd brown paper bag on Friday arvo, free lunches and "Study" trips continue to "regulate" the industry into oblivion. What will these people do when there's nothing left to regulate, no free lunches then.
Last edited by thorn bird; 8th Jun 2013 at 08:53.