Category: Policies

The problems with Boeing are deeply connected to the larger story of American deindustrialization enhanced in Boeing’s case by the pathological political-economic practices of the Military-Industrial-Congressional Complex (MICC) and how those practices spill over into the larger manufacturing sector of our economy.   The late professor Seymour Melman began warning about deindustrialization and the nexus of its causal factors (i.e., managerialism, financialization, and the spillover of the MICC’s cost-plus political-economic practices) in the 1970s (see Profits Without Production (1983) for his synthesis of these ideas).