• rentar42
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    11 months ago

    I don’t follow it either, but read up a bit on it (partially from here https://pluralistic.net/2024/01/22/anything-that-cant-go-on-forever/) and the basic gist of it seems to be:

    Boeing has been fucking up perpetually since shortly after merging with McDonnell-Douglas (a company that was apparently well-known in the industry for perpetual fuck-ups) in 1997, but political influence/interests/corporate capture has prevented it from actually failing the way that commercial companies that perpetually fuck up ought to.

    What we see now is just another case of some of those fuck ups becoming visible again.

    • Billygoat
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      211 months ago

      The US health care system has been in trouble for a long time, but the current nightmare starts with the deregulation of pharma. Pharma companies interbred with one another in a string of incestuous marriages that produced these dysfunctional behemoths that were far better at shifting research costs to governments and squeezing customers than they were at making drugs. The pharma giants gouged hospitals for their products, and in response, hospitals underwent their own cousin-fucking merger orgy, producing regional monopolies that were powerful enough to resist pharma’s price-hikes. But in growing large enough to resist pharma profiteering, the hospitals also became powerful enough to screw over insurers. Insurers then drained their own gene pool by combining with one another until most of us have three or fewer insurers we can sign up with – companies that are both big enough to refuse hospital price-hikes, and to hike premiums on us.