How Deregulation, Government Guarantees, and Greed Ruined Boeing
How Deregulation, Government Guarantees, and Greed Ruined Boeing
The policies and culture that shaped Boeing from the creator of the B-52 to the 737-Max fiasco. We're analyzing Boeing's historic rise and recent missteps.
I'll save you some time:
The FAA even lets the company regulate its own planes starting in 2009 (“self-regulation”).
You're welcome.
But I was told the free market would sort it out! That some other person would see the need for planes that don't fall apart, and take on building multi-million dollar planes against a multi-billion dollar corporation and that the public would decide whose is better!
No no, you see it's up to the consumer to choose the planes that are safe! After all, we are all rational economic actors with perfect knowledge, so we of course know which planes are dangerous in advance!
Aka no regulation.
🤣😭🤣
What a clown show.
"A door hanging on by a thread*
"Looks fine to me"
Weird how that happened after 10 years of heavy lobbying. An interesting curiosity
So the summary is, Boeing ruined Boeing. Government is not to blame nor are rules. They decided to be greedy asses who skipped on checks and quality control just to get bigger bonuses for their management.
Market Capitalism exists to feed insatiable greed.
These aren't specific bad actors, this is what it means to be a publically traded corporation.
We're going to destroy the planet and civilization will collapse sooner rather than later, but if hypothetically we cared about our species/children/future, capital markets would have to either go, or capital investment would have to be the party receiving a small fraction of the value produced while the labor that generates that value gets most of it, as always should have been the case.
Capital markets, in theory, were supposed a way to seed businesses to grow, now they run the table, threaten legal action against corporations who don't self-cannibalize for short term cash grabs, and at this terminal stage are eating one a other's empires in their desperation to grow/metastasize on a saturated, capitalist conquered finite world.
Having currency isn't the problem, having a do nothing investment class that provides no labor but expects ever Moooooooooaaaaar merely for presenting chips from their last trip to the human exploitation casino is destroying civilization and our sole, shared, COMMUNal habitat is.
Labor makes the world run, builds the goods, provides the services, makes the discoveries, grows our food, etc. Do nothing capital investors are societal leeches claiming all the value generated to keep their livestock desperate, in subsistence, and perpetually separated from the resources to buy their own means of production to form cooperatives and the like, as is the core function of market capitalism.
Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.
I hate the finance sector.
I hate biased, ivy league, self-serving economists pretending to be and having the gravitas of scientists when they declare this intentionally corrupt, thieving economy to be the optimal system for distributing goods and services to the society it is supposed to be in service to instead of the other way around as it has become.
Giving the rich people all the money isn't efficient at distributing good and services in such a way as to maximize the well-being of the citizenry(isn't that supposed to be the POINT of any economy?), its only efficient giving the rich people all the money.