The Real Reason Boeing Planes Fall Apart Could Rip America To Shreds

Boeing is in crisis after their planes began falling apart but it wasn’t just loose screws, Boeing is suffering from a systemic problem at the heart of American Democracy.

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[texasbluebonnet]

This seems to be the point in time where corporations and rich individuals think they are personally above the law.

[diffened]

Yet another reason to blame Reagan for the slow, yet increasingly rapid demise of the USA. Reagan also put his own net worth before all else when he left the Democratic party and became Republican because he saw he could increase his own net worth easier and quicker as a member of that party. Why do people still revere that pos?

[michaelearendil]

Not just shareholders, but stakeholders are important. Our ridiculous philosophy of shareholder profit over everything is unjust and dangerous. Rather, employees, public safety, and the wellbeing of society are also stakeholders.

[maxdoubt]

That Boeing door blew off at 16, 000 ft.. Commercial jets cruise at between 33 & 42K. Had that happened at such an altitude the entire plane could have disintegrated.

[DougGrinbergs]

Boeing mess: culture of Jack Welch, non-engineering CEOs, McDonnell Douglas pro-profit culture, HQ move to Chicago, Boeing Wichita spinoff, stock buybacks…

[SuperLeica]

"A business that makes nothing but money, is a poor business". (Henry Ford)

[robertsmith]

Q: What makes an airplane fly?
A: A signature.

[toodlesoops]

In 1985, I typed for many sole practitioner attorneys, one of whom was going to file a complaint against an airline as one of their mechanics for over 25 years would not allow a plane to fly as it needed many more days of work done on it - he was FIRED - and the day of the filing I went downstairs to give the attorney some more paperwork and several news photographers and their news teams were there - the airline immediately gave the plaintiff mechanic a million dollar settlement and put him back to work - those times are gone

[uwchqre]

Excellent video. I think Boeing's problems are based on a switch of CEO mentality (going from aerospace engineers to "money men"). This is a common practice in today's corporate world (that even affects higher education (with inflated administration pay and reduced teacher pay). "Greed is good".

[ohkay]

Deregulation and contact workers. Contracting out work to people u have no control of and workers that have no loyalty to them.

[Mikemidmich-tsff]

Everything always circles back to Reagan. He sat the cornerstone for corporate greed and income inequality.

[davidbradley]

I've worked in telcom engineering for 40 yrs! If modern telco boards were involved with airline designs, there would be 4 airliners crashing a week!!

[stevemcdonald]

If you fly Boeing, be sure to wear a wingsuit.

[GenerationX]

Take Boeing to court and make the trial as humiliating as Trump's trial.

[PeterMayer]

It is shameful going ahead the top quality reputation in the world and when they merged with McDonald Douglas that was the beginning of all the problems.

[lynnehrhart]

Stock buybacks have been popular the last two decades. They keep the price high, slows down short sellers, provides more shares to back stock option awards, keeps shareholders all wiggly.

[HerpaDerpaZX]

A tale as old as time, profit > safety

[cindeed]

Boeing changed when they left Wichita in 2014. And not for the better.

[justaguy]

So why hasn't buybacks been made illegal again?

[Cryptonymicus]

The real reason? Because they assemble planes in North Carolina? There are aircraft purchasers who won't take delivery on planes assembled in that state, I've read.