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 While I agree that you have identified multiple market failures and poorly-designed policies, this analysis seems a bit superficial. It ignores a number of market factors, as well as just plain difficult engineering challenges with engines (I think turbine blades are grown from single crystals).

But it has a similar flaw as the healthcare part you stuck in: you assume that the outcome is the desired result of the policies, rather than a pitcher hitting a batter with bases loaded