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That argument doesn't really hold water when applied to aircraft manufacturing. Commercial jets are not indistinguishable commodities, there is a ton of variat
by raquo 8y ago
That argument doesn't really hold water when applied to aircraft manufacturing.
Commercial jets are not indistinguishable commodities, there is a ton of variation in design and mission ideologies (control systems, materials, hub-and-spoke vs point-to-point, etc.)
The type of goods and barriers to entry are more similar to e.g. car manufacturing than to utilities like ISPs.
If Boeing and Airbus weren't artificially inflating administrative barriers to entry we'd definitely have more competition, and consumers would benefit, not suffer.
- stlHusker 8y ago"If Boeing and Airbus weren't artificially inflating administrative barriers to entry we'd definitely have more competition, and consumers would benefit, not suffer." From the article: "For Bombardier, development of its new C-Series of planes took more time and more money - $6 billion in all - than it had anticipated, requiring what amounted to a bailout from the governments of Canada and Quebec." Stop and parse that for a second.
- raquo 8y agoSo? Big aircraft cost a lot of money and bring in a lot of money. Projects incur significant cost overruns in literally every industry.