Re:Boeing and Airbus, the new ‘super duopoly’
by tuna-piano on Thursday April 26, 2018 @10:32PM
(#16938040)
Definitely agreed. I was just trying to point out why having more competitors isn't all good news, which might be counter-intuitive to "common sense" (and the article).
Re:Boeing and Airbus, the new ‘super duopoly’
by tnzn on Thursday April 26, 2018 @09:49PM
(#16937852)
Well, competition isn't the only incentive that can drive innovation though. In the case of public research, it can do quite the opposite.
Re:Boeing and Airbus, the new ‘super duopoly’
by heartles on Thursday April 26, 2018 @10:37PM
(#16938059)
There's also an argument to be made for Bell labs, back when Bell had a monopoly on the phone lines there were some amazing developments to come out of Bell Labs
Re:Boeing and Airbus, the new ‘super duopoly’
by dx034 on Friday April 27, 2018 @03:14AM
(#16938991)
The problem with planes is that research costs for a single product are often above $1bn. So you wouldn't create a new product just because you are curious or have a small team of scientists that discovered an opportunity.
Re:Boeing and Airbus, the new ‘super duopoly’
by da02 on Thursday April 26, 2018 @09:51PM
(#16937861)
Can you expand on this? This sounds very intriguing.
Re:Boeing and Airbus, the new ‘super duopoly’
by tysonzni on Thursday April 26, 2018 @10:52PM
(#16938128)
It sounds like Peter Thiel's argument about how natural monopolies can afford to invest heavily in R&D because they're financially comfortable. And how competitive industries supposedly don't offer the same room for research. I think he's mistaken on this but nonetheless it's a compelling argument in some cases.
Here's his essay where he expands on it: https://www.wsj.com/articles/peter-thiel-competition-is-for-...
traditional economist answer: without competing market forces, there would be no pressure for innovation? the high efficiency engines that customers have pressed for from the engine manufacturers, and other improvements which resulted in the 737MAX and a320NEO would not exist if there was a single monopoly small airplane. If there was a single monopoly small airplane people would probably be still flying around in a level of technology/fuel efficiency similar to a legacy 737-400.