Embraer Commercial now Boeing Brasil
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Embraer Commercial now Boeing Brasil
Embraer commercial aircraft business renamed Boeing Brasil ...
https://australianaviation.com.au/.../embraer-commercial-aircraft-business-renamed-bo...
Airbus took out Bombardier too.... C-Series now A220
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It is an interesting observation, that the myth of capitalism assumes that competition is the natural state, that competitive pressure drives marginal cost lower etc.
In observing the actuality, the natural state is more akin to monopoly or duopoly.
Thus, the consumer ends with less choice and monopoly rent.
It is will covered in the book, The Myth of Capitalism, by Johnathan Tepper.
In observing the actuality, the natural state is more akin to monopoly or duopoly.
Thus, the consumer ends with less choice and monopoly rent.
It is will covered in the book, The Myth of Capitalism, by Johnathan Tepper.
that the myth of capitalism assumes that competition is the natural state, that competitive pressure drives marginal cost lower etc.
In aviation the US government went into bat for Boeing and blocked what appeared to be a far superior aircraft and a real threat to the 737, especially the -700. With the C-Series out of the way and nicely boxed in by Airbus, Boeing are are free to dish up their 1970s era aircraft sans any real competitive threat, and now by taking over Embraer, challenge the Cseries with the E190.
All this will just maintain the cash cow that is the 737 and effectively block any innovation in the short haul market. No other industry in the world would get away with selling 1970s technology, but you can in aviation.
I don't believe such assumption ever such existed
https://www.quora.com/What-are-the-v...-of-capitalism
