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by daveoflynn 2096 days ago
Boeing is already a public/private enterprise. The down years in commercial aircraft are propped up by US Gov defence orders, lots of primary research is funded by the US taxpayer, the US Gov works very hard to help Boeing sell airplanes, and there’s heaps of tax breaks available at the State level.

Many of the trade offs that Boeing has made - outsourcing, devaluing internal expertise, focusing on shareholder returns over risky long-term bets, and aggressively fighting unions - mirror US culture more generally. There’s little evidence that nationalising Boeing would change this - as an example related to this news story, the DoD is outsourcing more and more of its training and aggressor flying to private corporations.

It is worth pointing out that many of the points about Boeing being a public/private enterprise also apply to Airbus.

1 comments

Us government typically doesn’t outsource work to shell companies setup on tax evading islands
Yeah it does. In fact I’d argue the entire role of US gov within markets financially ends up on tax evading islands.
And according to the article the company is "incorporated in the Isle of Mann" which I'm pretty sure doesn't exist on this planet.
The Isle of Man definitely exists on this planet, assuming we are both on planet Earth.

I'm confused, why don't you think it exists?

Isle of Mann does not exist. Isle of Man does.