Economy Mar 22, 2024 at 9:00 am

And He Has No Idea What to Do About the Crisis

A pit of despair. Handout / GETTY

Comments

1

is Boeing's
Board of Directors
those who steer the maker
of planes controlled by Profiteers
or by Stakeholders? therein lies the Key

to Rantz's Miseries. let's Hope he
Encourages Boeing to put a few
of Boeing's Union Workers on
its board of Directors & may-
be toss in a few Passengers
as well before mr Rantz
follows So Many of
those suffering
Diseases of
Despair to
a Sackler
Fambly

'Solution.'

2

or just Save
the Capitalists
from Themselves:

Nationalize it.

let's do
Big Oil
Next.

3

Commercial airplanes are only about 1/3-1/2 of their business (and a certain percentage of that is cargo only). They also do military and something called "Global services", which seems to be logisitcs. That accounts for 98% of their revenue (according to Investopedia).

Boeing's not going anywhere. But they need to clean up their act. Putting some normies on the board would be a good start.

4

I'm always simply surprised that commercial air travel is a thing.

having it be both cost effective and safe is only going to be possible through tight government regulation.
otherwise, it's just seeing how many temp workers in the supply chain are possible before shares tank due to having too many deaths per mile.

didn't he hook up with brandi and move to florida?

5

Why should the government do this for Boeing or any company? If they can not build quality products their market share will evaporate and they will go out of business. We are witnessing the market correcting that right now. Either they clean up their shit or continue the downward spiral. Boeing airplanes are not a critical national item that requires intervention and the notion that the government can run a commercial company like Boeing better is pretty laughable. To be fair to Boeing as well many of the headlines we have seen recently are about older planes are not being maintained correctly. The airlines shoulder the responsibility for those issues not Boeing.

6

The Reaganism Miracle writ large.

7

@5 What the government should do is restore the regulations and anti-trust laws that have been eroded since Reagan. Adam Smith's biggest mistake in how he envisioned Capitalism is that he had assumed that men of business would be educated, moral people and that peer pressure would hold their worst desires in check. The world has since learned that unregulated capitalism is a race to the bottom that destroys the very fabric of society. Capitalism only works long term if government provides a check on greed and limit avarice. Boeing needs to be broken into several competing businesses, so that the market will again regulate their behavior.

8

If you’re nervous these days boarding a Boeing aircraft, just wait until you board one from a company run by the state or federal government.

This may be Charles’ plan to eliminate carbon emissions from air travel. Scare everyone into staying home.

9

@9: Only Charles could write an entire post on the economics of the Airbus-Boeing rivalry without using the term, “launch aid.”

12

what an incomprehensible screed.

13

I read the linked Rantz post twice, and did not see any signs of despair. Instead, Rantz merely notes Boeing's well-documented safety issues could result in the company loosing business. Rantz then observes because Boeing is the region's largest employer, its decline could result in economic problems for Washington. There's nothing remotely controversial about this take.

Rant's recent piece struck me as far less emotional than Charles urgently calling for the nationalization of Boeing not that long ago: https://www.thestranger.com/slog/2019/12/23/42370873/its-time-to-nationalize-boeing

14

Speaking as someone who represented dozens of victim families in the two Max 8 crashes, and currently represents 27 passengers from the Max 9 incident, and has therefore seen behind the Boeing curtain, the answer to ongoing issues is not nationalization.

Boeing needs to shift their focus from stock prices and profits to engineering excellence and safety. This is a difficult but doable cultural shift because there was a time when Boeing’s focus was engineering excellence. Both safety and profits flowed from this former focus.

Jason is correct that the country in general and the PNW in particular will be well served by Boeing getting its act together asap.

That said, I applaud you for bringing Spinoza into the Boeing dialogue. “All things excellent are as difficult as they are rare.”


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