3 ms·
There used to be several US aircraft manufacturers. The US government wanted them to merge to better face competition from Airbus. Its not accidental that we h
by AniseAbyss 6y ago
There used to be several US aircraft manufacturers. The US government wanted them to merge to better face competition from Airbus.
Its not accidental that we have two global giants in aviation. Deliberate policy on both sides of the Atlantic.
- specialist 6y agoWith benefit of hindsight, I wonder how I would have driven that policy initiative, if I had been pro-monopoly. I think as the largest customer (US Fed Govt), my quid pro quo would stipulate keeping IP and mfg domestic, and curtail the financialization (execs, board, and biggest investors goosing the stock price, buy backs, etc). In other words, The New Deal. Forging national security thru appeasing both the war hawks and labor.