Originally Posted by
Ian W
It actually shows the opposite.
In a command socialist society Boeing would be commanded to continue. In the capitalist society people stop flying in the Max so air carriers stop buying the Max and the company building the Max suffers a financial loss. The companies that sell better aircraft start winning more orders. This is capitalism controlling the market to ensure better quality aircraft. Similarly, the company making a loss removes those who made the incorrect decisions, learns from their failures and works to regain market share.
Or is capitalism in this case 'pushing the edges until the death rate becomes intolerable.' Surely there must be a compromise where we can have innovation but not at the expense of lives. I think we see too much going wrong across many industries where 'let the market decide' is not working well