re: #154 Nerdy Fish
It feels similar in concept to the “too big to fail” mantra from the recession era, when the banks were fucking up all the things but got bailouts anyway. If you’re practicing real capitalism, it feels like one of the possible outcomes of running a company into the ground - even a mega-corporation like McDonnell-Douglas - is that the company just dies. I get that McD was a prime defense contractor on the back of the F/A-18 Hornet, but the DoD could manage the transition of all that tech and knowledge to a designated alternate contractor.
Why aren’t there a dozen airplane manufacturers then? It’s just easy to move the process somewhere else, right? That’s also why people start car and chip manufacturing companies in their garages, right?