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Government Motors, Government Airplanes

Airbus and GM are both getting beaten like a drum by their competition.  At least Airbus admits government interference is part of the problem:

But the fact that executives at Airbus concentrated so myopically on the A380 jumbo jet was also a product of politics at parent company EADS, where the French and German governments hold considerable sway. “There was a lot of testosterone at play in the conception of the A380,” Grossbongardt said. “Politicians wanted to prove a point to the United States and show that the Europeans were capable of building the world’s largest aircraft.” Airbus succeeded in the latter, but the A380 so far hasn’t proven to be the best-seller many had hoped for.

No wonder governments don’t like markets.  They don’t do well there.

Posted in Business, Politics.

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