Last week, William Young, an 82 year old federal judge appointed by Ronald Reagan, blocked the merger of #SpiritAirlines and #Jetblue. It was a seismic event:

https://storage.courtlistener.com/recap/gov.uscourts.mad.254267/gov.uscourts.mad.254267.461.0_6.pdf

--

If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/01/22/anything-that-cant-go-on-forever/#will-eventually-stop

1/

@pluralistic

> ... Boeing into the single largest exporter in America, a company far too big to fail, ...

> Boeing's biggest competitor is the state-owned Airbus, a joint venture whose major partners are the governments of France, Spain and Germany ...

Why do you differentiate too-big-too-fail (ie, will be caught by the state if it would fail) versus state-owned (will be caught by the state if it would fail) ?

The only difference is that one doesn't try to have long term vision.

@dascandy42 @pluralistic multiple governments owning Airbus doesn't mean they always agree

if some part of Airbus fucks up along the supply chain (e.g. skimping on QA) it can become a diplomatic issue

if some parts of Boeing fuck up, it can stay internal