Boeing Shaped a Law to Its Liking. Weeks Later, a 737 Max Crashed.
With a few short paragraphs tucked into 463 pages of legislation last year, Boeing scored one of its biggest lobbying wins: a law that undercuts the government’s role in approving the design of new airplanes.
For years, the government had been handing over more responsibility to manufacturers as a way to reduce bureaucracy. But those paragraphs cemented the industry’s power, allowing manufacturers to challenge regulators over safety disputes and making it difficult for the government to usurp companies’ authority.
Although the law applies broadly to the industry, Boeing, the nation’s dominant aerospace manufacturer, is the biggest beneficiary. An examination by The New York Times, based on interviews with more than 50 regulators, industry executives, congressional staff members and lobbyists, as well as drafts of the bill and federal documents, found that Boeing and its allies helped craft the legislation to their liking, shaping the language of the law and overcoming criticism from regulators.
https://www.msn.com/en-us/money/companies/boeing-shaped-a-law-to-its-liking-weeks-later-a-737-max-crashed/ar-AAJpOwO?ocid=spartandhp&pfr=1
= new reply since forum marked as read
taxpayers, executives, and shareholders were all ecstatic over the "reduced bureaucracy!" Straight outta the Republican playbook! Just think of the cost savings and profit boost! Bonuses and buybacks gone wild!!!!
