Boeing’s crisis could result in more expensive airfares and weaker economic growth, economists say.
The aircraft manufacturer is a massive company with a workforce of more than 140,000 employees around the world, generating tens of billions in revenue each quarter as one of two global players in the production of planes, the other being Airbus.
Boeing’s production alone represents a significant part of America’s economy. But the country – and the world – relies on its planes for travel, business, deliveries and jobs.
Yeh in the USA we call this “Cronyism”. Boeing, through the use of “regulatory capture”, much like the Big 3 auto companies are using Federal regulations to keep out the competition. They are keeping out the Chinese cars, and they are keeping out the Chinese and jets, so we the taxpayer get to pay 3x the costs.
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Boeing’s crisis could result in more expensive airfares and weaker economic growth, economists say.
The aircraft manufacturer is a massive company with a workforce of more than 140,000 employees around the world, generating tens of billions in revenue each quarter as one of two global players in the production of planes, the other being Airbus.
Boeing’s production alone represents a significant part of America’s economy. But the country – and the world – relies on its planes for travel, business, deliveries and jobs.
Yeh in the USA we call this “Cronyism”. Boeing, through the use of “regulatory capture”, much like the Big 3 auto companies are using Federal regulations to keep out the competition. They are keeping out the Chinese cars, and they are keeping out the Chinese and jets, so we the taxpayer get to pay 3x the costs.
Nationalize ’em