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US transportation grounds Boeing 737 MAX 9
- nexus7556 3y agoEditorialized title makes it sound like this is a new action. The grounding previously happened. The true title “US transportation head says no grounded Boeing 737 Max 9 planes will return to air ‘until it is safe’” reflects the new news, which is simply a quote from Pete Buttigieg.
- cpursley 3y ago[flagged]
- cpursley 3y agoWell, maybe not all - but you know what I mean (short term profits over long term sustainability)
- ponector 3y agoIsn't it what every shareholder wants? Then maybe not MBA is the cause
- lxgr 3y agoI'm a shareholder of some companies, and I don't want short-term profits over long-term business growth, or even at the expense of human lives, both for ethical reasons and because it just seems like bad business sense, at least when accounting properly for all externalities. So, no, not every shareholder.
- tw04 3y agoNo? I plan on working 30-40 years - I just want my investments to grow throughout that time period so when I retire I can live off what I've earned. As best I can tell, the only people that want "growth above all else" are the top .01% who have enough money in the bank that they can make all of their income from buying and selling stocks, as well as the hedge fund managers that get a cut of the short-term profits. The average working-class folks that just put money into a 401k couldn't care less if this quarter is a record quarter - they care what their investment does over a much, much longer period of time.
- ponector 3y agoEveryone from my circle are comparing year-to-year profitability of investment funds before new money allocation. I don't think it is true that <1% cares about short term gains.
- dboreham 3y agoMBAs eating the world.
- deleted 3y ago[deleted]
- josho 3y agoMBAs are the symptom, the root cause is elsewhere. I would lean on the ever increasing desire for company’s to grow. We need to move away from this broken concept of maximizing shareholder value above all other concerns.
- wahern 3y agoThere's a strong case to be made that MBAs, specifically the business, financial, and economic scholarship undergirding elite MBA programs, truly are the root cause. Profit motives aren't stronger today than yesterday, and prior generations of business leaders and investors weren't more altruistic than today. What changed were the business and financial narratives regarding how best to successfully operate a business and make investments. Those newer narratives were more sophisticated and more grounded in empirical analysis, but just like older wisdoms they also incorporated many subjective, normative preferences and assumptions. It's those latter aspects, including a laissez-faire, libertarian, "greed is good" perspective, that seems to be largely responsible for many of the broader patterns we see today. People aren't more greedy today than yesterday, but there's less (both intentional and accidental) channeling of long-term thinking. The "greed is good" narrative says, among other things, that long-term profit maximization is best achieved by relentless short-term profit maximization. The perspective at the center of MBA programs is also easily identifiable in popular political culture, but it originated in economic and legal scholarship and spread through conservative political circles before ultimately coloring and shaping much of modern American culture, conservative and liberal, today. MBA programs were one of the earliest and most important conduits for the spread of these new perspectives into the broader culture.
- dendrite9 3y agoI wish this comment were not under a flagged comment. This is something worth thinking about.
- cpursley 3y agoAbsolutely - I should have specified "MBA-thinking"
- boringuser2 3y agoThis debacle is so emblematically painful and representative of everything many critics have been saying about US industry for decades.
- pseingatl 3y agoThe plane is a lemon. Boeing would do well to admit this and build a next-gen plane so good it would take business from Airbus. Just wait till the next iteration of the Chinese airliner.
- bushbaba 3y agoPilots would need to be trained on the Chinese planes, which is super expensive.
- drtgh 3y agoWhat makes you think that the Chinese aircraft industry will not offer free pilot training and dumping prices to take over the market? If allowed will happen, have no doubt about it. We as passengers will suffer it, costs over safety. have no doubt about it China industry works as one entity, backed by the state. The model is to enter the markets and to dump the prices until the established industries are knocked down, and finish with a Chinese company buying the broken ones (when the different governments allows it, what not always happens). Hawuei and ZTE was selling equipment at lower prices than manufacturing costs, and subsidizing antennas. In 2012 it was started to be investigated in the European Union, and finally was banned due 5G networks and the recent espionage suspicions. Returning to aircrafts, the recent scandal involving fake parts for engines that was being sold by AOG Technics[1]. In no articles I read about the matter it is investigated, so it is an imagination exercise, but, Where do you think these pieces were made? [1] https://www.independent.co.uk/news/uk/crime/airline-scandal-fake-parts-scandal-b2459534.html https://www.independent.co.uk/news/uk/crime/airline-scandal-...
- aaomidi 3y ago> China industry works as one entity, backed by the state. That's effectively how every large industry in every country acts.
- Gow8876 3y agoChinese write blank checks. Activate spy to do economic spying. Redirect universities graduate to support their airlines. Which countries other than China is doing that? Airbus in France? UK? USA? Couldnt even settle student loan frogiveness let alone getting liberal arts to work with Boeing. Boeing is basically Solyndra the future in the making.
- aaomidi 3y agoEnshitification continues
- josemanuel 3y agoI’m terrified of having to fly in the 737 max again… Unfortunately I have little recourse.
- deleted 3y ago[deleted]
- dudeinjapan 3y agoBoeing should develop a 737 MAX 9 "Fuselage Integrity Edition"TM. For a premium price, the walls will no longer spontaneously turn into points of egress. This is an incredible marketing opportunity!
- euroderf 3y agoWhere is the parody website that teaching basics of nuts & bolts and how to tighten them ?
- ilyagr 3y agoA relevant parody, "The front fell off" https://youtu.be/3m5qxZm_JqM https://youtu.be/3m5qxZm_JqM
- hulitu 3y agoI bet Boeing took it as training material.