Boeing is helping develop NASA's next-generation megarocket, but inspectors have found shortcomings in that work. Meanwhile, the company's Starliner spaceship waits in space.
Private businesses are not the problem, corporations are.
Venture Capitalism is the problem. When a private business beholdens itself to a stock-price, that stock price becomes the ONLY thing that matters. You keep that stock rising no…matter…what.
Have to use cheap labour? Fuck you…stock price.
Quality Control cuts corners? Fuck you…stock price.
Corruption and perverse incentives are problems that apply to government bureaucracies as well as to companies. Not to say that it can’t be done that way successfully, but the failures of the Soviet space program for instance seem to be a clear indication that it isn’t a silver bullet in this case. Whatever the underlying economic system there are big organizational challenges to overcome.
Private businesses are not the problem, corporations are.
Venture Capitalism is the problem. When a private business beholdens itself to a stock-price, that stock price becomes the ONLY thing that matters. You keep that stock rising no…matter…what.
Have to use cheap labour? Fuck you…stock price.
Quality Control cuts corners? Fuck you…stock price.
Employees can’t afford groceries? Fuck you…stock price.
The best way to solve this though is through control of the means of production. Can’t have this if the business is owned by the state.
Or worker co-ops. If workers own their own companies then that would solve 90% of the problems of late stage capitalism
That too, yeah
Corruption and perverse incentives are problems that apply to government bureaucracies as well as to companies. Not to say that it can’t be done that way successfully, but the failures of the Soviet space program for instance seem to be a clear indication that it isn’t a silver bullet in this case. Whatever the underlying economic system there are big organizational challenges to overcome.