https://www.marxist.com/capitalism-k...negligence.htm
Boeing, the FAA and the NTSB (National Transportation Safety Board) try to wash their hands of this by simply saying that the system involved in the earlier accident differed significantly from the one blamed in the MAX crashes. In our view, this is a huge cop-out that ignores the essence of the problem: a design flaw as a result of insufficient redundancy, leading to unpredictable behaviour not explained in the manuals nor trained for in the simulator.
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This latest revelation is slow to trickle through because of the technical and specialist nature of the matter. Regardless, the credibility of Boeing as “a company you can trust” has plummeted to historical lows all over the world. Trust tends to be a one-way street and once it has been broken, it is very hard to restore.
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Does this mean that Boeing will go bust? Unlikely. Its lobbyists have far too much power to keep this latest mismanaged design on the ground forever, technical issues or not. Boeing is the only major US commercial aircraft maker and is too integrated into the military-industrial complex of US imperialism. As the largest exporter in the United States, it has become a behemoth that is too big to fail.
Paradoxically for a country famed for espousing free market values, the “land of the free” has produced in Boeing a company that is heavily dependent on the largesse of the public sector. The “America First” mantra of Donald Trump has greatly benefited Boeing with lucrative government contracts and the protection of its de facto domestic monopoly from competitors like Airbus. Despite the recent losses and scandals, its planned acquisition of Brazilian aircraft manufacturer Embraer also seems to be going ahead.
Apart from benefiting greatly from public loan guarantees provided by the federal Export-Import Bank (nicknamed “Bank of Boeing”), Boeing is notorious for its exploitation of the tax code and for years has gotten away with paying a negative tax rate on its income. The company is now the country’s second-largest recipient of federal funding after Lockheed Martin, another company in the service of the US war machine. This means it is more dependent on the public purse than a number of federal agencies.
Within the aviation industry, with its massive infrastructural needs, the state has always played a big role. Perversely, after deregulation in the 1980s, Boeing was allowed to effectively become a public entity with private profits. It gladly accepted the money and the safety net from the American public. In return, it has made private shareholders and upper management fabulously rich, while producing aircraft that put the public at risk. The laws of capitalism have a logic of their own and after decades of “ripping up the rules” and cutting corners in search of profit, the chickens are coming home to roost.