I suppose high tech industry claims it’s in a bit of shock because of Boeing’s agreement to plead guilty:<\/p>\n
Boeing agreed on Sunday to plead guilty to conspiring to defraud the government in a case linked to crashes of its 737 Max jets in Indonesia and Ethiopia that killed 346 people \u2014 a stunning turn for the aerospace giant after the Justice Department determined that Boeing failed to live up to terms of a 2021 deal to avoid prosecution. [WaPo<\/strong><\/a>]<\/em><\/p><\/blockquote>\n
But so will be the US government. Along with being just about the only American commercial airliner supplier, Boeing is also big in Defense and NASA<\/strong><\/em>.<\/p>\n
I blame this on a failure to enforce anti-monopoly laws. Such laws are all about guaranteeing[1]<\/a><\/sup> competition in the marketplace, and, in limited circumstance, commodification of products that allows interoperation.<\/p>\n
Of course, investor demands also contribute to the failures, I suspect. The continual demand for greater and greater dividends places c-suite executives in more and more difficult positions. Although it’s hard to envision a capitalist-type economy that functions well without investors, there’s definitely an urge to toss them out on their ears.<\/p>\n
And this piques the interest:<\/p>\n
\n\nPaul Cassell, attorney for the families in the case and a professor at S.J. Quinney College of Law at the University of Utah, immediately filed an objection to the agreement on their behalf.<\/p>\n
\u201cThrough crafty lawyering between Boeing and DOJ, the deadly consequences of Boeing\u2019s crime are being hidden,\u201d Cassell said.<\/p>\n
Added Erin Applebaum, a partner at Kreindler & Kreindler who has worked with Cassell in representing family members: \u201cWe are extremely disappointed that DOJ is moving forward with this wholly inadequate plea deal despite the families\u2019 strong opposition to its terms.\u201d<\/p><\/blockquote>\n<\/div>\n
Just trying to minimize damage to a favored contractor, or what?<\/p>\n
\n<\/a>1<\/sup> Guarantee<\/em> is such a binary word, unsupportive of gradations. Its popularity makes it emblematic of a culture that, in large part, desires absolute, easy judgments. Members of that culture should go read H. L. Mencken<\/a>: For every problem, there is a solution that is simple, neat, and wrong.<\/em> In fact, a number of his quotes are applicable to today.<\/p>\n","protected":false},"excerpt":{"rendered":"
I suppose high tech industry claims it’s in a bit of shock because of Boeing’s agreement to plead guilty: Boeing agreed on Sunday to plead guilty to conspiring to defraud the government in a case linked to crashes of its 737 Max jets in Indonesia and Ethiopia that killed 346 \u2026 Continue reading