Dare ObasanjoApr 8, 2024

Seattle Times has a new report on how Boeing's current challenges can be traced to prioritizing shareholders over everything for 25 years, slashing costs and outsourcing key work, weakening unions, and pressuring suppliers, leading to loss of its core competency.

This is a great example of how the stock market rewards short term thinking leading to companies sabotaging themselves. Intel is in the same boat.
https://www.seattletimes.com/business/boeing-aerospace/boeings-long-fall-and-how-it-might-recover/

When ‘ruthless’ Boeing cut costs, the damage spread

Boeing’s leaders are tepidly admitting the shareholders-first, workers-be-damned strategy was flawed. It’s an admission a generation in coming.

The Seattle Times
Show threadJonathan D. Cope, Esq.Apr 8, 2024
@carnage4life
One caveat to that. This was caused by traditional capitalism, not capitalism, per se. In Commons Capitalism, which is another form of capitalism, you don't have any shareholders to satisfy.
Show threadBenjohnApr 13, 2024
@Cirdan @carnage4life that sounds very interesting. I just searched and can only find links establishing these as largely opposites! Could you please give a pointer / link?
Show threadJonathan D. Cope, Esq.Apr 13, 2024
@benjohn @carnage4life
Commons Capitalism is an economic system I'm researching and on which writing a paper. I have a series of tweets you can read if you haven't looked at already:
#CommonsCapitalismPrimer or #CommonsCapitalism
Show threadBenjohnApr 13, 2024
@Cirdan @carnage4life thanks.
Show threadJonathan D. Cope, Esq.
@benjohn @carnage4life you're welcome!
Apr 13, 2024 at 6:58pmWeb