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...
That would be the smart thing to do, if the government was serious about both protecting the capital/labor base and not pissing away infinity dollars forever.