In this episode, Michael discusses the Spirit Airlines crowdfunding campaign and its implications for community ownership. The conversation touches on the airline industry's consolidation and the potential for public ownership, as well as the challenges of running a commercial airline. The host also delves into the story of Hunter Peterson, a 22-year-old who launched the Spirit Airlines crowdfunding campaign, and the broader question of whether the people can actually own an airline. The discussion explores the complexities of community ownership and the limitations of crowdfunding as a business model.
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