Blake Scholl

Literally, it banned supersonic flight

In the U.S.

Regulatory capture?

I mean, that happens all the time, right?

I think an enormous amount of the regulations that we have in any industry today are there to protect the incumbents.

I mean, I don't know exactly how it went.

So I'm speculating a bit, but you know, we had European and Russian government funded projects to build a supersonic airliner.

The, the us taxpayer funding and a Boeing to do the same thing had just been pulled.

And so I could imagine saying, hey, that's, Boeing saying, hey, that's unfair.

You got to protect me from that.

If you're not going to subsidize me the way the other guys were subsidized, then, you know, then at least block them so they can't do anything here.

And then there was the public story was all about, you know, how bad these airplanes were going to be noise-wise and environmentally.

A thing I've come to believe is every bad regulation tends to have a moral cover story.

that's believable, you know, like, oh, you know, we can't, you know, disturb sleeping babies and break windows.

And then there's a real motivation, which is Boeing doesn't want to compete with Concorde, which you would never, you know, they would never say out loud.

They can only say the other stuff.

And so it's plausible sounding, but there's a, you know, more sinister actual motivation.

A little more than 10.

It'll be 11 in September.

Well, we had a business plan that didn't need it.