Airline Regulation

RyanAir CEO Slams EU at EU Innovation Summit

By on 12.19.11 | 3:46PM

Politicians and bureaucrats in the European Union were treated to a verbal lashing for their cronyism and anti-entrepreneurism by Michael O'Leary, CEO of airline RyanAir, at a conference held by the EU on "innovation."

The CEO started his remarks tearing down the European ruling class for protecting inefficient airlines that charge too much money for useless services. For this speech to come from someone in Europe, let alone at a summit at the EU, is a conservative dream.

Here is a transcript of the first few minutes of O'Leary's John Galt speech (video below):

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