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That'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 opin
by FredPret 2y ago
That'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.