Spirit Airlines Failed — Now Both Sides Are Trying To Rewrite What It Means For Capitalism

Spirit Airlines’ collapse has become a political Rorschach test: one side says blocked mergers killed it, another says deregulation and Wall Street did, and some are using it to argue for nationalizing the airlines entirely. They are all reaching too hard. Spirit’s failure says less about capitalism failing than about what happens when policy tries to over-engineer an industry.