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The first table shows staggering loss after staggering loss yet both Airbus and Boeing are still around. They are large, diversified companies with loads of de
by OldGuyInTheClub 3y ago
The first table shows staggering loss after staggering loss yet both Airbus and Boeing are still around. They are large, diversified companies with loads of defense business and all that implies.
The table also shows cost estimating is nuts in both the private and public sectors. Any honestly costed program will not make it past a Board of Directors or Congress. But something has to go forward and so overoptimism makes some careers in the near-term and kills others in the long-term.
- vosper 3y agoThey are also considered critical companies for national security / capability reasons and neither will ever be allowed to fail by their respective governments, unless a local replacement exists.
- geraldhh 3y agoas much as this place is a temple of the private sector; most old and big companies exist because of public money
- chomskyole 3y agoCouldn't agree more. Let's democratize them!
- sslayer 3y agoThey already have been. Tell me what other industry has as much oversight. The FFA exist with the sole intent of regulating anything to do with air travel. Imagine if the USDA decided that McDonalds had to stop selling Big Mac's because they found 1 that contained listeria, and had to inspect Millions of pounds of meat prior to letting them resume sale. Car recalls exist, but you don't see us stop driving when brakes fail or hackers can hijack your CAN system.
- throawayonthe 3y ago[dead]
- dbspin 3y agoThat's not what democratizing means. It doesn't refer to regulation or oversight, but rather to worker ownership and organisation of the group or business in question. Collectively owned / horizontally managed businesses do exist at scale, from farm cooperatives to the Brazilian industrial giant SEMCO.
- baldeagle 3y agoYou mean like when they basically shut down Blue Bell for listeria? That is exactly what the FDA and CDC did. https://www.cdc.gov/listeria/outbreaks/ice-cream-03-15/index.html https://www.cdc.gov/listeria/outbreaks/ice-cream-03-15/index...
- iancmceachern 3y agoWhat does this mean?
- chomskyole 3y agoIt means that ownership is democratized. I.e. either owned by the workers or by the stakeholders/users.