• Jo Miran@lemmy.ml
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    6 months ago

    Boeing’s fall from grace is actually very sad. When I was a kid, Boeing was considered the pinnacle of quality and one of very few American companies that set the bar for their industry.

    • Allonzee@lemmy.world
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      6 months ago

      That’s kind of the enshittification of every sector as private industries have stopped caring about long term business models and only see as far as the next earnings report because private shareholders demand it under threat of legal action. A race to the bottom with no concern for any future, a fire sale.

      Look at the airline industry at large. Flying, even for regular people, used to be seen as an event to look forward to. Now you get hit up for fees for literally everything that used to be part of the ticket as you’re crumpled on top of one another.

      Boeing is a bad actor, because our modern “free market” rigged economy now incentivizes being a bad actor. Private shareholders don’t contribute to these companies, care about the quality of their products, or the satisfaction of customers, they just want moooaaaar right now. Always moaaaaar.

      This is why the customers first, employees second, investors third model business tossed aside in the 70/80s was so vital. Nothing happens without customers employees, no profit, no product. Shareholders are just needy baby leeches that contribute no labor and demand moar profit every feeding, and they have ALL the power.

    • snooggums@midwest.social
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      6 months ago

      All of the great brands from when I was a kid that I can think of off the top of my head are trash now. They all switched from bragging about decades of quality propping up next quarter’s growth and getting bought out to be the latest style brand. Maybe there are a few left, but unless they are privately owned their days are numbered.