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You fix this by letting Boeing fail. They keep going because our government keeps bailing them out. We deem them too important to fail so we keep holding their
by zaphar 2y ago
You fix this by letting Boeing fail. They keep going because our government keeps bailing them out. We deem them too important to fail so we keep holding their corpse up Weekend at Bernies style and hope the voodoo music doesn't cut out.
Fix the regulatory regime but also streamline it so other companies can begin to compete. We'll be without a domestic Airliner manufacturer for a bit but I don't think you fix this without eating that pain for a while.
- renegade-otter 2y agoBoeing is failing because the government let it "self-regulate". This is directly related to the MAX tragedies. The assumption that a company will do the worst possible thing as a "citizen" should always be the starting point. Air travel did not become one of the safest ways of transport out of the pure, intrinsic will of the industry to be better. it took decades of beating them into doing what's right. Why don't we still have video recordings of cockpits for the Black Box? It would dramatically help in solving accidents, but the industry has been fighting this tooth and nail. "It's expensive!". "Safety" never comes up - that's the government's job.
- zaphar 2y agoBoeing is failing because it's a private company with no market consequences for doing badly and no domestic competition. Those are not caused by self-regulation they are caused by bad economic policy. Regulation is a part of the story but the rot at Boeing started long before the self-regulation did. Their quality and ability to compete at a profit has been dropping for longer than the regulatory issues.