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Sometimes monopolies exist because it's extremely hard to succeed even if no one is stopping you
by xeromal 3y ago
Sometimes monopolies exist because it's extremely hard to succeed even if no one is stopping you
- Iulioh 3y agoThe concept is called "high barrier of entry"
- xeromal 3y agoI'm sure airplane manufacturing falls under the highest barrier to entry besides maybe space exploration
- ben_w 3y agoBoeing merged with one of their competitors, and now outsource to subcontractors; both of these suggest the barriers, high though they are, are not insurmountable. Also, the FAA could ask people from Lockheed to mark Boeing's homework. After a bit of Googling, looks like the FAA do also get Airbus to do this to Boeing, despite Airbus being famously not American: https://www.reuters.com/business/aerospace-defense/airbus-withdraws-us-faa-boeing-safety-culture-panel-2023-01-13/ https://www.reuters.com/business/aerospace-defense/airbus-wi...