[HN Gopher] Boeing and the Dark Age of American Manufacturing
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Boeing and the Dark Age of American Manufacturing
Author : fortran77
Score : 13 points
Date : 2024-04-20 20:50 UTC (2 hours ago)
(HTM) web link (www.theatlantic.com)
(TXT) w3m dump (www.theatlantic.com)
| FrankWilhoit wrote:
| One important factor that the article does not engage is
| financialization. For financialized business, doing what is says
| on the sign is only a cover. This of course affects many other
| industries as well.
| Terr_ wrote:
| Yeah, I was expecting to see the, er, F-Word somewhere around
| where it said Boeing "slowly but very deliberately extracted
| itself from the business of making planes."
| s1artibartfast wrote:
| One thing that I see in my industry is replacement of knowledge
| with systems and engineering degree inflation.
|
| Boeing had all the required systems in place. Even 2x the
| quality systems they needed.
|
| None if this matters if people are playing legal word games
| with quality requirements instead of basic engineering.
| Technically following a rule might win in court, but it wont
| win over physics.
| arp242 wrote:
| Three out of four of Boeing CEOs of the last 20 years came up
| under General Electric's Jack Welsch. These people are actively
| hostile to engineering and seem to think financial markets are
| the only truth that exist.
|
| One of the former CEOs called engineers who care too much about
| quality "assholes" because they don't care about the stock
| price, so he actively made efforts to chase them off. How can
| you possibly think that the quality of the products and stock
| price are completely disconnected?
|
| These people really are the Tommy Wiseau of running a business.
| They kind of know what it looks like, but get so many details
| wrong and the end result is completely absurd and doesn't work
| at all, so all you can do is laugh at it.
| zer00eyz wrote:
| Sears, at the top of its game, built a tower.
|
| It isn't called Sears Tower any more.
|
| In a moment of decline sears sold it. Because it was a liability,
| not to the company but to the stock price. Sears Tower was going
| to be bought at the bargain basement price of sears stock.
|
| Hell all of the robber barons of the 80's (the gordon gekos) were
| doing the same thing. We're still doing it now with private
| equity. Only now there's nothing to sell so we're stacking debt
| on the companies.
|
| You could have an anti capitalism rant here. It would not be
| productive. Stronger regulation, and different corporate
| structures are needed (See Mondragon). The latter is on everyone,
| myself included, CoOps aren't new in America. (See everything
| between the coast's that involves farming intersecting with
| CoOps.) We just need more of them in urban areas.
| AlbertCory wrote:
| Actually, the test of a true Chicagoan is, "Do you _still_ call
| it 'Sears Tower' even though that's not its official name?"
|
| I don't live there anymore and even I know that.
| cpursley wrote:
| I had a finance professor who once did a study that correlated
| the construction of new fancy new office building with a major
| decline in stock price. Hubris before the fall.
| cpursley wrote:
| Counterpoint: Apple
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