3 ms·
>New passenger planes are extraordinarily expensive to develop, and only 2-3 corporations in the entire world are capable of it. There would probably be more i
by crdoconnor 11y ago
>New passenger planes are extraordinarily expensive to develop, and only 2-3 corporations in the entire world are capable of it.
There would probably be more if it weren't for the vast subsidies thrown at both boeing and airbus. That pretty much locks out all potential from competition from anywhere except maybe China.
- dogma1138 11y agoEurope tried that and it killed their aerospace industry which resulted in them having to pay tenfold to revive it. Aerospace companies just like space programs are force multipliers their value is several orders of magnitude greater than what they make because they propel all industries within a nation forward. While for-profit companies should not be funded on the same level as government organizations I would not advocate more for removing subsidizing from the likes of Boeing than I would for the stop to NASA funding because they are one and the same. The US government partially funded the development of the Falcon 9 launch system and the department of energy grant was critical from keeping Tesla from going under. Government funding of key technology sectors is something we should all strive to increase because it's one of the few government spending programs that later pays for its self 10 times over.
- crdoconnor 11y agoThat wasn't a suggestion or a value judgement. It was a statement of fact.