[js8]

So you think U.S. would be better at airplane manufacturing had Boeing gone bankrupt at some point in the past?

It's a pretty strong claim and I would like to see some theoretical justification, other than belief in the magical free market.

In my country, IIRC, we let Aero Vodochody to crash and be bought by Boeing. We are not better at making airplanes, honestly probably the worst than at any other point in history.

[roenxi]

Well, no I think something subtly different. I think if you look at the quality of life in Czechia before and after Aero Vodochody went bankrupt it probably rose, all else equal. And the quality of the corporate governance would have been better than in an alternative. It'd be interesting to check the price and quality of the aircraft that were available for use; those two things probably moved in a helpful direction. That last move isn't guaranteed by basic economics, but it seems quite likely in this case.