Organized Money
Organized Money is a podcast about how the business world really works, and how corporate consolidation and monopolies are dominating every sector of our economy. The series is hosted by writers and journalists Matt Stoller and David Dayen, both thought leaders in the antimonopoly movement. Organized Money is a fresh spin on business reporting, one that goes beyond supply and demand curves or odes to visionary entrepreneurs. Each week Matt and David break down the ways monopolies control everything from the food we eat, to the drugs we take, the way we communicate and even how we date. You’ll hear from workers, business leaders, antitrust lawyers, and policymakers who are on the front lines of the fight for open markets and fair competition.
If you care about an economy that is free and open, one not controlled by a handful of corporations, Organized Money is for you. New episodes out every week until the end of the year. Organized Money is a Rock Creek Sound production, from executive producers Ari Saperstein and Ellen Weiss, and senior producer Benjamin Frisch.
Organized Money
Who Killed Spirit Airlines?
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Spirit Airlines is dead, and everyone is pointing fingers: Was it the war in Iran that killed Spirit? Joe Biden's Justice Department? Antitrust regulation? Jet fuel? Lina Khan!?? Today on the show we demystify Spirit's demise with William J. McGee, Senior Fellow for Aviation and Travel at the American Economic Liberties Project.
William is a long-time consumer advocate in the air travel space and has watched as the deregulation project which began in the 1970s has slowly whittled down competition, forming our current aviation oligopoly. William walks us through all the factors that lead to Spirit's liquidation, from jet fuel, to pricing squeeze from the big 4 airlines, to Trump's proposed bailout and creditors seeking a payout. Despite the popular narratives you might hear on CNBC, Spirit's undoing was multifaceted with history of blame going back 50 years, and many killers working in concert.
Check out the white paper How to Fix Flying: A New Approach to Regulating the Airline Industry, by William McGee and Ganesh Sitaraman