Mr. Speaker, it seems to me that we are simply deluding ourselves if we think that the free market is going to self-regulate. Clearly, voluntary measures do not work. The banks in the United States could not regulate themselves. The financial services sector in the United States went through a whole deregulation process and we saw what happened when regulations are stripped away and supposedly have a free market operate to the benefit of the public.
Just two years ago the government, for example, passed legislation requiring all-inclusive pricing by the airlines in Canada, meaning that rather than advertising a price of $99 for a flight from Vancouver to Montreal, the full cost had to be provided. Parliament passed that legislation over two years ago and still the Conservative government has not implemented that legislation.
Last September the airlines agreed in Canada to the flights rights proposals of the former minister of transport. They voluntarily limited tarmac delays to 90 minutes. Guess what? Only three months later, they were holding passengers hostage for eight hours on the tarmac.
Why does the member think that without proper labelling legislation in this bill and other tough requirements--