As anyone who has ever played sports knows, competition has the power to elevate all players. Sports, however, are one of the few realms where the same rules are applicable to all, so that no one player or team enjoys an unfair advantage.
On the other hand, uncompetitve advantage flourishes where business and politics intersect.
One of the worst examples of uncompetitive advantage is the Wright Amendment: a 34 year old law designed to give one airport and one airline an advantage over another simply becasue the airport and airline happened to be headquarter in the district of a very powerful member of Congress.
Yesterday, the major players on both sides of the “Wrong” Amendment asked Congress to finally repeal legally sanctioned uncompetitive advantage.
Southwest Airlines joined with the cities of Dallas and Fort Worth, American Airlines, and DFW International Airport today to announce all parties have agreed to seek the enactment of legislation to repeal the Wright Amendment.
In business, unlike sports, there are no fans; we are all players. Fair competition elevates all. If Congress finally acts to right this Wright, we all benefit.