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stadium | 4 years ago

Value extraction may be part of the problem. Competition would take care of a lot of inefficient private sector businesses. Duo/Mono-polistic profit margins leave a lot of room for waste. Resource constraints breed innovation.

Boeing for example competes with Airbus on commercial planes, that's about it. And SpaceX is eating into their profit margins on rockets. They need to innovate to keep up with SpaceX rockets, while the 737-max fiasco is a great illustration of waste and inefficiency on commercial airplanes. If they had to be more competitive to survive, they may not have cut so many corners.

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