John Oliver discusses how Boeing went from being a company known for quality craftsmanship to one synonymous with crashes, mishaps, and “quality escape.” Wha...
This whole LWT segment is a perfect illustration of the transition to late-stage capitalism at the microeconomic level, featuring examples of shareholder primacy, regulatory capture, communication breakdown, and recursive subcontracting. If I was teaching junior college microeconomics (Economics 1B), I’d consider showing this in class or recommending it to my students for viewing.
It really is a good schoolbook example of how a large reputable company goes to shit from the common ailments of real-world capitalism.
This whole LWT segment is a perfect illustration of the transition to late-stage capitalism at the microeconomic level, featuring examples of shareholder primacy, regulatory capture, communication breakdown, and recursive subcontracting. If I was teaching junior college microeconomics (Economics 1B), I’d consider showing this in class or recommending it to my students for viewing.
It really is a good schoolbook example of how a large reputable company goes to shit from the common ailments of real-world capitalism.