Aviation: how 'global race' mercantilism produces muddled thinking

Even if it is for the wrong reasons, the global racers ultimately come to the right conclusion: that we need a much more liberal approach to airport capacity expansion. But why not come to the right conclusion for the right reason, and defend airport expansion on the grounds that it makes good economic sense?

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Source: http://www.iea.org.uk/blog/aviation-how-global-race-mercantilism-produces-muddled-thinking

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