A jury found Live Nation and Ticketmaster liable for illegal monopolisation in April 2026. The case is a study in how vertical integration converts dominance in one business into control over an entire industry.
Jay Patel8 min read
Markets15th July 2026
South Korea's shipping cartel ran for 15 years across three major trade routes. The case is a textbook study in how cartels form, how they enforce discipline, and why concentrated industries make collusion so hard to prevent.
Jay Patel9 min read
The DOJ says criminal charges are now on the table for firms that use algorithms to coordinate prices. The question at the heart of the case is whether software can produce cartel-like outcomes without anyone picking up a phone.
Jay Patel10 min read
A federal court ruled Google's search dominance is illegal. The remedies are an attempt to dismantle a monopoly built on data, defaults, and self-reinforcing scale. Whether they can work is an open question.
Jay Patel9 min read
Prediction markets are booming, with Bernstein projecting $240 billion in volume this year. The case for why they work is compelling. The case for why they might not is just as important.
Jay Patel9 min read
Markets5th April 2026
Jet fuel prices have doubled since February, but airlines face a microeconomic bind: raise fares too fast and passengers vanish, raise them too slowly and margins collapse.
Jay Patel7 min read