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But Boeing is the only remaining US-based manufacturer of airliners (among other things). This didn't used to be the case, but through mergers and acquisitions
by jhbadger 2y ago
But Boeing is the only remaining US-based manufacturer of airliners (among other things). This didn't used to be the case, but through mergers and acquisitions it's true today. There is just no way the US government would ever let Boeing go under and let the Europeans or Chinese dominate airliners. Like the banks in 2008, Boeing is just "too big to fail".
- FredPret 2y agoThat's true but it's hardly a failure of the market. Airliners are big, complex products that are apparently best managed by big, complex companies (not my opinion, just an observation). If the government decides airliners are a strategic priority and decides to interfere with the market, the cost of that decision is that tax money is going to be used to prop up the incumbent, instead of funding for the poor. I think a little bit of industrial policy can be a good thing.