Re:Boeing push to make training profitable may have left 737...
by markus_zhang on Saturday December 21, 2019 @06:08PM
(#21853873)
That's what Capitalism does, to make as much money as possible. And it's up to the government to regulate them, and it failed to do so.
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Re:Boeing push to make training profitable may have left 737...
by ljm on Saturday December 21, 2019 @07:26PM
(#21854251)
Nah, this is a business that is thriving on US corporate culture. They're doing the same as everyone else; avoiding spending money so they can keep it for themselves instead of paying it out. The executives and shareholders thusly get nice benefits from the company cutting corners and hoping they don't get caught.
Re:Boeing push to make training profitable may have left 737...
by Retric on Saturday December 21, 2019 @06:21PM
(#21853929)
Boing has lost a lot of money on this, which capitalism should avoid no government intervention required.
Instead, this is not really capitalism at work but internal forces inside a giant organization. The risk reward calculation for internal management does not track the company’s overall risks vs reward resulting in company wide losses.
Re:Boeing push to make training profitable may have left 737...
by blotter_paper on Sunday December 22, 2019 @12:15AM
(#21855338)
Timescale matters here. If Boeing becomes an example of an organization which suffered greatly, competitors will become more cognizant of the need to make internal incentives match external ones.
Re:Boeing push to make training profitable may have left 737...
by yardie on Sunday December 22, 2019 @11:49AM
(#21858178)
And 346 people lost their lives plus whatever its costing their families. But fuck the humans, profits are in the line.
Re:Boeing push to make training profitable may have left 737...
by mopsi on Saturday December 21, 2019 @06:09PM
(#21853874)
> That's what Capitalism does
Not so fast - scroll through it, to 2019: https://en.wikipedia.org/wiki/Aeroflot_accidents_and_inciden... Be sure to expand sub-articles.
Re:Boeing push to make training profitable may have left 737...
by resfirestar on Saturday December 21, 2019 @06:27PM
(#21853948)
What do you suggest is the cause that underlies poor aircraft design in both capitalism and not-capitalism then? The article you link is not very informative on this question since it is about an airline, not an aircraft manufacturer.
Re:Boeing push to make training profitable may have left 737...
by kibwen on Saturday December 21, 2019 @06:57PM
(#21854104)
You're going to get downvoted for painting in broad strokes, but the spirit is correct: the societal goal of the free market was to use profit incentives to improve process efficiency in order to more effectively allocate scarce resources, but the failure mode we're experiencing is that the people pursuing profit have come to see the pursuit of profit as the point of capitalistic exercise, rather than as merely a carrot to entice entrepreneurial exercise for the good of society.
It's supposed to be the responsibility of society to keep incentives in check such that this doesn't happen (via regulation or otherwise), but once profit-seekers leverage their profits to seize the reins of power you've got a big problem on your hands.