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Written by: RJ
The merger between Spirit and JetBlue has been blocked by the DOJ:
In sum, the Court has made its best attempt, applying the law to the evidence in this case, to predict the future of a dynamic market recovering from the COVID-19 pandemic, in markedly uncertain times. For the reasons set forth above, therefore, the Court rules that the proposed acquisition violates Section 7 of the Clayton Act. Spirit is a small airline. But there are those who love it. To those dedicated customers of Spirit, this one’s for you. Why? Because the Clayton Act, a 109-year-old statute requires this result –- a statute that continues to deliver for the American people.
First reported by OMAAT
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After virtually all of the past several decades starting around the 1980s there is now a revival of trust busting. When pricing and when pricing is set by very few consolidated firm that are company side only adhesion controlling quality, price and other aspects of a product / service due to power then the Sherman and Clayton Acts should be used like they have been lately. It protects against power even if it is one company controls the buying (monopsony) and or selling (monopoly) but they one sided set the terms. Alphabet (Google – also used by this website) and Meta (Facebook) for advertisements vast majority of websites. 1 – 5 U.S. in increasing cases 1 – 5 global companies control their respective part in the industry and set the terms. Just look at cell phone service and prices. Fleeced in the case of the Sprint / T-Mobile thing. I say yea to this.
If someone wants to dig deeper than this another good fella would be this blog.
https://pluralistic.net/tag/antitrust/
https://pluralistic.net/2024/01/17/monopolies-produce-billionaires/#more-7799
What are your thoughts RJ with increasing population but around half the amount companies for both banks and credit unions in about 25 years? That to me seems like less bank bonuses to go after.