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by V_Terranova_Jr
595 days ago
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I don't know about full-on nationalization, but we have plenty of evidence to show the incentives for publicly-owned for-profit companies whose primary customer is the Government are strongly misaligned with the non-economic interests of the public. I don't have a pat solution to this, but for example, Boeing, Lockheed Martin, Northrop Grumman, and Raytheon have little reason to improve when they have a captive customer. Raytheon recently agreed to pay ~$1B in penalties for illegal exploitation of their position and the market doesn't care: https://www.justice.gov/opa/pr/raytheon-company-pay-over-950... Pure capitalism for these kinds of uniquely critical products and services doesn't seem like the right answer. |
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Extremes rarely work; rational compromise is what moves the needle forward, bit by bit.