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Isn't this what our version of capitalism encourages? Grow to dominate so much of the market and of stock and pension portfolios at all costs, that you'll have
by FirmwareBurner 3y ago
Isn't this what our version of capitalism encourages?
Grow to dominate so much of the market and of stock and pension portfolios at all costs, that you'll have to be bailed out no matter your incompetence.
So as long as this behavior only gets rewarded and never punished, why would you expect different results?
- nequo 3y agoCar manufacturing is similar in a lot of ways yet notably different in the putting all eggs in the same basket sense that parent mentions. Ford and GM are too big to fail yet they do compete and it does lead to at least one of them making decent cars that don’t fall apart under you.
- FirmwareBurner 3y agoFord and GM have much more competition than Being. It's a lot easier to enter the auto market than the aircraft market.
- nequo 3y agoThat is true, but Boeing wasn't always the only player in aircraft manufacturing either. Even subsidizing two or three players so that they can compete might be better for safety and quality than letting them merge and operate as a complete monopoly.