Andrew Coulson draws a contrast between private business and the public sector:
“So there I was, checking e-mail this morning on my JooJoo when I came across this editorial about how the private sector lacks accountability unless the government provides it through regulation! This naturally caused me to expectorate New Coke all over over myself and my Apple III, forcing me to toss my Levi’s Type 1 jeans in the wash and hop back in the shower. (You know, that Touch of Yogurt shampoo by Clairol is really… uh… something).”
The companies mentioned above survived their mistakes, though they lost a lot of money along the way. Other companies that don’t respond to consumers–Braniff Airlines, DeLorean Motor Company, LTV Steel, Montgomery Ward, Wang Laboratories, to name a few–are either taken over by someone else or dissolve entirely.
By contrast, the Civil Aeronautics Board [CAB] is the only major government agency I know of to no longer exist.
For more, see Cato-at-Liberty.