this post was submitted on 01 Aug 2024
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If the only reason you exist is because you're too big to fail, maybe you shouldn't exist?
It's not the only reason Boeing exists. That's the problem. Airframe manufacturing is a critical infrastructure componemt for the nation's airline mass transit network. And there are only two companies in the world that operate at the scale necessary to support the volume of flights.
Boeing can't fail any more than ATT or Citibank can be allowed to fail.
If government has to bail them out, then government gets to nationalize a proportionate amount of the company. And the dividends then go toward government spending.
Something about fiscal responsibility...
And the next government can sell it off for less than they paid for it and the cycle continues.
They shouldn't pay for it, they should just seize it.