How Deregulation, Government Guarantees, and Greed Ruined Boeing
How Deregulation, Government Guarantees, and Greed Ruined Boeing
The policies and culture that shaped Boeing from the creator of the B-52 to the 737-Max fiasco. We're analyzing Boeing's historic rise and recent missteps.
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I'll save you some time:
The FAA even lets the company regulate its own planes starting in 2009 (“self-regulation”).
You're welcome.
But I was told the free market would sort it out! That some other person would see the need for planes that don't fall apart, and take on building multi-million dollar planes against a multi-billion dollar corporation and that the public would decide whose is better!
No no, you see it's up to the consumer to choose the planes that are safe! After all, we are all rational economic actors with perfect knowledge, so we of course know which planes are dangerous in advance!
Aka no regulation.
🤣😭🤣
What a clown show.
"A door hanging on by a thread*
"Looks fine to me"
Weird how that happened after 10 years of heavy lobbying. An interesting curiosity