'Have Airbus’s recent undertakings had more success? It seems so. But in a market dominated by two state-backed leviathans, that’s hardly a convincing endorsement of corporatism.' -TPCarney
The case, from the American Compass’s Gabriela Rodriguez, is worth reading, but ultimately the analysis is faulty because it overestimates Airbus’s success, ignores Europe’s failures, and omits the massive amount of governmental support Boeing receives in the United States. According to free-market dogma, state-backed Airbus shouldn't have been able to compete with Boeing.
“Prompted by Boeing complaints to investigate Airbus’s financing, the World Trade Organization eventually determined in 2010 that Airbus received: So how did Boeing end up so far behind Airbus in recent years? Rodriguez argued that Airbus spends more on research and development because it answers to bureaucrats and politicians rather than to shareholders, so it makes more breakthroughs and has more efficient production. But her data on Airbus’s cost advantage are from three decades ago. Boeing’s troubles are mostly due to the 737 Max, the plane whose efforts at fuel efficiency created a deadly flaw that caused two crashes in 2019.
No. It was misguided continental jingoism that led the Europeans to want a bigger plane than America had.
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