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At this point Boeing may as well be nationalized with how deeply embedded it is with U.S defense and economy.
by zeroCalories 3y ago
At this point Boeing may as well be nationalized with how deeply embedded it is with U.S defense and economy.
- _heimdall 3y agoGuess we need to put the federal government into receivership then /s
- takoid 3y agoOutside of early 20th-century Italy and Germany, which countries have actively pursued nationalization of industries in a late-stage capitalism phase of development? What were the outcomes? Are there more effective alternatives?
- gumby 3y agoPost-WWII France and UK, France even into the 80s. US nationalized passenger rail into Amtrak in ‘71. New York took over the private subway companies in the 40s. Since the 1980s the US uses a different mechanism (as they did with Boeing) where the state leaves the companies listed on the stock exchange but influences policy by guaranteed purchase orders, forced mergers (else you lose those purchase orders) etc — privatization in all but name.
- Log_out_ 3y agoWouldn't count the US though. Privat industry regularly sabotage state enterprises via lobbyism.