The fatal crash of an Ethiopian Airlines Boeing 737 Max 8 aircraft on March 10 shows us in stark terms just how deadly unfettered capitalism is. Boeing has pushed the legal limits of how far a corporation can manipulate a system to maximize its profits, even if it means risking lives.
Not to mention that Boeing has for decades been a top two “defense contractor” (most years they were #1) producing weapons of death.
Perhaps that model has been adopted by the commercial side of the company ?
Hi raydelcamino: maybe the Congress should look into this travesty NOW----of course, on the other hand—wouldn’t Congress want Boeing to be safe—since they fly back and forth to D. C. so much? Hmm what a conundrum for Congress–since I am sure that Boeing sends lots of money to some in Congress.
The US-based carriers all had the appropriate update on the software package. Some passengers are more equal than others.
HI WiseOwl-----but those extras for safety cost more and weren’t free. So, this information was available in America , and I guess that the less monied nations were supposed to be happy that they unknowingly were a part of an experiment!
So, we can see how cavalier Boeing is with the lives of people in other nations. Of course, now that the U.S. is the bully of the world------try getting that money back for the dead of those nations----
-" We the Corporations of the United States, in order to form a more corrupt entity…established for JUST US, provide money for all corrupt intents—promote the general WARFARE, and secure the blessing of Slippery Mockery for ourselves and our progeny, do establish this plethora of rewritten words for the secret Constitution of America." : ) Written in lemon juice–no doubt. : 0
This is how it works. The US Government, due to its focus on Militarism , wants to ensure these arms manufacturers stay in business. They will keep Government monies flowing to them and ensure that regulations relaxed enough to maximize profits to those firms.
Remember years back with the Tobacco Industry. Even as regulations passed in the USA to try and curtail smoking , when Thailand announced much the same policies, The US Government threatned trade sanctions on Thailand.
There is no such thing as a “free market” . It is rigged and has always been rigged to favor the one percent. The one percent do not get all of that wealth because they somehow smarter or more deserving than anyone else. They get it because they bought the Government and the Government that the wealth always flows to them.
I know it seems like continuous undifferentiated turmoil in all directions, but this time, this March, feels like we’re approaching a tipping point – in multiple, worldwide domains. Banks had some interesting problems yesterday. The breadbasket is mired in mud. Blusterers seem increasingly scorned. I don’t know where I’m getting that from. From the ether, I guess.
“Try getting that money back for the dead of those nations”
Bully is right. Look at Union Carbide (Bhopal) in 1984, at least 4,000 dead and probably closer to 10,000. Or Lilly’s behavior in the late '80s re: Prozac when they knew internally the elevated suicide risks. The profit was so great that the punitive fines ( and human lives) became accepted as a reasonable trade-off.
Capitalist economics is a system that fosters the monetization of everything. Today, health, happiness, and love are monetized. Human life is also monetized, but not equally. In today’s capitalist economy, the worth of a human life is a function of one’s race/ethnicity, one’s material wealth, one’s nation of origin, etc.
According to past articles, Boeing is also one of the many top US companies that pay their CEO more than they pay in taxes. [Ancient article but the first one that came up in my Google search] Boeing is actually subsidized, as their military programs received lots of tax dollars. Last I read, the Boeing annual profit was over 7 billion USD and they were subsidized by the governmen (i.e. negative tax)! Most people would consider that some form of socialized capitalism.
Life saving features were optional.
Boeing must pay for the stupidity in that statement.
Hope you keep that handy to post when congress critters blather on about not wanting to ‘become’ a socialist country. Bust the blatherers! Time for this to be mainstream.
I’m sure our two Senators from Boeing, Raytheon and other war making companies, Murray and Cantwell, will be supportive, as that will tend to maximize their profits, as will my Congressman from Boeing, et al, Rick Larsen. None of them ever risk losing a nickel from the rich. And they are in a spot to maximize profits legislatively.
Don’t sniff the ether when you’re driving! (Followed by a wink and grin, if we still had emoticons on CD)
I don’t know… there hasn’t been a fatal crash of a US registered airliner in more than a decade. Boeing, Airbus, the FAA seem to be doing a pretty good job.
Maybe better pilot training and culture of safety would help others too?