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both sides of the duopoly are shit. Boeing is The poster child for putting the cart before the horse and orienting their entire business around stock buybacks and suffering predictably for it.
but airbus is also retarded, just perhaps in a less criminal and/or malevolent way. even Boeing, in the throes of some sort of actual collapse, is better at efficiently marshalling its resources and reading the market. EU industrial policy also wards off private investment interest and public coffers in Europe can only do so much when Germany is mired in stagflation hell.
still overall I think Europe will be just fine and interventionist policies will pay off, but you will always have airbus gimped by its significant administrative and bureaucratic bloat.
aviation needs competition from somewhere that isn’t china.
