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原始链接: https://news.ycombinator.com/item?id=41229049

*金融专家和MBA对西方社会的几个关键方面的破坏做出了贡献,包括工业、蓝领中产阶级、中产阶级、医疗保健、教育、经济领导力、社会流动性、技术和科学。 * 他们说服房主,他们的房产是导致剥削性抵押贷款计划的投资。 * 他们欺骗养老金持有者将退休储蓄换成风险更高的投资。 * 高管们专注于短期收益最大化,而不是长期可持续性,导致经济不稳定和不平等。 * 政府官员允许金融专家操纵政策和法规,以牺牲普通公民的利益为代价来谋取私利。 *金融化已将经济转变为一个优先考虑投机投资而非有形财富的体系,导致通货膨胀、债务增加以及社会价值观和稳定的侵蚀。 * 美国的金融化趋势可以追溯到近两个世纪前,并在 1913 年至 2008 年期间显着加速。 * 由于腐败和缺乏问责制,利用公私伙伴关系、碳信用额和类似举措解决气候变化等问题的努力基本上失败了。 * 加强政府干预的呼吁,特别是在可再生能源和基础设施开发等领域,遭到了金融专家的抵制,他们认为此类措施破坏了自由企业原则。 * 由于自动化、外包和全球贸易协定而导致的制造业就业岗位的减少对西方白人工人阶级产生了不成比例的影响。 *西方经济体的去工业化削弱了国家安全,降低了技术竞争力,并阻碍了普通公民的社会流动机会。 * 人们普遍认为,应对气候变化必须大幅减少温室气体排放。 然而,由于担心给低收入家庭带来负担、对经济增长的潜在负面影响以及所产生的收入可能无法公平返还,碳定价仍然存在争议。

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原文


What MBAs and Financists destroyed so far:

- Western Industry.

- The blue-collar middle class

- The Middle Class

- Our health care system

- Our education

- Western Economic Leadership.

- Social Mobility

Now they are busy destroying western technology, science and innovation on their never-ending selfish wealth-extraction quest.

They convinced us that our homes are investments, so they can fleece us with their usurary schemes. So, what next? our organs?

They convinced us to exchange our pensions for the privilege of being the mark on a market where the sharks like them do whatever the fuck they want, from blatant insider trading, to pump and dump schemes, to outright fraud, having for all practical purposes bought the SEC a long time ago.

What they will kill next?

How long are we going to transfer wealth to those slimmy sweet talking ignorant greedy bean counters?

Our daily work is like being in a mad house because almost everything is subordinated to the the most sacred goal of cooking the next quarter numbers to ensure we maximize executive bonuses, and fuck the long run! crazy projects started, spin offs, merges, projects cancelled, company killing layoffs, fuck long term value generation! they want more and more, and more, and they fucking want it right now! the fucking bonus gollums.

Everything is fucked in our society but executive compensation. Xerox, HP, IBM, Boeing... How many other proud symbols of our economy and civilization are we going to let them destroy?



You should know that in business school and after everything you just described would be called "optimized". There is some short discussion about ethics, usually involving not stealing from investors, but otherwise the world is seen as one giant place where people are the same as nuts and bolts or ingredients in a chocolate bar to be optimized. This goes for customers and employees.



Optimization is one of the more useful terms for it, but I think a big part of the problem is foundational. It's easier to trade in measurable values than unmeasurable ones, so the trades with something measurable on both sides get prioritized, which subtly increases the demand and market value of measurable values over unmeasurable.

So we end up gradually converting our productivity to the measurable outputs because we can more safely trade them. But then unmeasurable values get shafted.

The non-fungible values get shafted even harder. For example, it's inherently impossible to trade for true human relationships because the bidirectional flow is where the value comes from and that flow must be built. But that means two people must simultaneously choose to take a mostly unknown level of risk on building a relationship that could fail or even be a net negative. Our relationship drive is pretty strong. The people making AI chatbot friends and SOs, not even to mention dating apps and relationship-commodifiers like Meetup or old Facebook, are doing their best to commodify relationships, though. The sheer level of social toxicity caused by online mass social media has been correspondingly enormous.



My undergrad is in finance. IMO the problem is that we don't really teach what wealth is as Adam Smith defined it. A wealthy nation is not the one with the greatest stockpile of gold, but the one with the most quality goods and services easily available to its average citizens (I'm paraphrasing a bit, but you understand). Smith really stresses that profit is a measurement of the good provided to society by an activity. But in my studies, there was no concern for this quality of profit. The attitude was that any way net income (profit) could be increased was strictly to be understood as a net positive for society.

I had professors explain that war is profitable because people are employed building tanks etc. and they use their wages to stimulate the economy. When I asked 'what if instead of sending a few million dollars of steel and circuitry to the desert to get exploded, those workers used the same resources on a hospital?' I recieved the answer that if the NPV of the tank is higher than the hospital, it must be the better use of the resources.



You had finance professors who were unfamiliar with Bastiat’s parable of the broken window? Or unable to apply it to the military-industrial complex?

Our universities may be in worse shape than I thought.



>Bastiat’s parable of the broken window

Never heard of it. Admittedly it wasn't a highly ranked university.

Edit: Having familiarized myself, thank you for the introduction. This is not the first time my education has disappointed me.



War is profitable in capitalism, because the dogma is that capital is productive and must net a positive return.

In the underutilized capital scenario, idle capital incurs costs, but no benefits. It must be destroyed. The easiest way to maintain the facade is to send the capital to war. If you acquire new land, congratulations, the "investment" paid off. If it doesn't, then the destruction of capital at least maintains the profitability of domestic capital.

War is really that simple. If you had a war for any other reason, everyone involved would see the stupidity after the first few skirmishes.



Ahistorical Marxist "analysis" on HN?

War has existed since the dawn of humanity, thousands of years prior to the advent of capitalism, and has been fought by societies with every kind of socioeconomic and political configuration. War is a human institution and not contingent upon a particular economic arrangement.



No one really “let them” destroy things. This is one of the key dangers of majoritarian government. The moment that people can vote for representatives the representatives will be purchased, and later, the votes will purchased. Once this happens, money will be destroyed to allow the purchasing class to rob the wealth of the civilization, and this leads to financialization of economics. This pattern has been repeated over and over again. In the USA, this process started almost immediately after the formation of the country, but it didn’t become truly corrupt until the McKinley campaign. The financialization process started in 1913, saw its first bust boom/bust less than a decade later, and then purposeful inflation began in 1971. The entire economy was financialized by the late 1990s which culminated in 2008. The banks are now so bankrupt that the Fed has begun providing overnight repossessions to member banks…



> This is one of the key dangers of majoritarian government. The moment that people can vote for representatives the representatives will be purchased

What better alternatives are you thinking of? An intelligent, compassionate, eco-friendly and forward-thinking dictator would be great I guess, but historically that's not the ones emerging on top.



> but historically that's not the ones emerging on top.

the only one that has so far been "good" has been the singaporean authoritarian regime (yes, they are "authoritarean").

But even if they're good and benevolent so far, there's zero guarantee that the next leader, or the next generation of them, will remain true.

That's why even though majoritarian gov't are bad, they're the least worst. Not to mention that if the elected gov't is bad, it's becaue the people doing the electing didn't put in enough civic responsibility as a collective.



The current system is not that bad, a radical shift towards government transparency would help a lot. Make it hard to hide bribery, corruption, and plain evilness, pay well but make it hard to sell favours in the dark. Make it easy for public officers to pay for blatant crimes. Make it hard for a single political group to revert transparency.

Politicians would have more shit to throw around, yes, but hopefully the worst of them will look elsewhere for the easy money if it can't be had that easily in public office.



I assume you're saying because of the fed, but wouldn't it be more appropriate to mark JP Morgan's efforts to create monopolies throughout the economy a better start point?



Well, this is why I pointed out McKinley and also stated the process did start shortly after the founding. True financialization only after Morgan and his friends met and formed the Fed tho, which was 1913. Once the Fed was in place, they could vastly expand the amount of available credit, bribe and purchase without restraint, and start the type of economy to which we are all now accustomed. Importantly, this pattern is a direct inversion of “capitalism.” In capitalism, the present is leveraged for the future. In “financialism,” the future is leveraged for the present.



Where have you learned about this? I’ve been casually spelunking into the US economic past, mostly via Wikipedia, but I’d love to know if there are other better sources to check out. Especially around where you drew that conclusion of “capitalism” vs “financialism”



Regarding capitalism vs financialism, that’s my own observation of the present vs reading about the past, and having studied economics. Today, there is no saving, and most of the wealthiest people are also the most indebted. This transition occurred as a byproduct of constant inflation. Even “low” inflation rates will push people from saving into investment (even if passive). If you sit on money you lose year over year. You’ll be forced to invest. Price inflation is therefore seen first in stocks, bonds, some derivatives markets, then in property and every other asset. As interest rates go down, they eventually fall below the inflation rate. This essentially makes money free if a person knows that he/she will make a return that exceeds the inflation rate. Eventually, with the collection and accumulation of debt obligations, those debt obligations themselves become a goods to be traded. Liabilities become assets. Future funds are used not only to fund the present, but they are then leveraged to create more credit and expand the pool of debt obligations and increase the inflation rate. This is financialism as a distinct economic system; the entire economy is built upon financial products and not upon physical wealth. Further, it is built upon future claims on production instead of on sacrifices made in the present. Financialism is then the temporal opposite of capitalism.



It goes beyond voting, people actually empower their abusers by buying the cheapest option regardless of its context. People dislike monopolies, but will happily grow one if it costs less than local or more responsible alternatives. That monopoly eventually gains the power to change the game rules.

We are mostly ignorant, and we vote, consume, act and live that way. We choose to be that way, and so good things won't last long in our collective hands.



> that would benefit everyone.

no, it would benefit the shareholders. The regulations imposed by the gov't (which is meant to be representitive) would reign in the excess externalization. Everyone would benefit from competition, when it does happen.



I do not understand the statement "Everyone would benefit from competition".

How is that not an oxymoron?

Surely those that do not win in a competition are losers. How is that a benefit to them?



Fair competition drives out inefficient players, and generally can keep costs down for consumers. That's what it means, it doesn't literally mean every single person will profit, but competition makes for healthier markets than lack thereof.



"Everyone" meaning "everyone as a whole", not absolutely every individual.

If there's more than one grocery store, I probably get better prices. (Or, negatively, if there's only one then I probably get worse prices.) And so with every other aspect of the economy.



So, if competition is supposed to fix other aspects of the economy, why is healthcare disproportionately high compared to other things?

There are several hospitals around me. Endless amount of doctor offices. There are several health insurance companies I can choose from. There is competition. Yet, prices are not affordable for most.



> healthcare disproportionately high compared to other things?

it's because the number you're comparing to is from other countries, where they subsidize their own citizen's healthcare.

The US's healthcare system has become a convoluted mess, and the competition you mention is not sufficient.



> So, what next? our organs?

Not even kidding. There are villages around where I grew up, a good number of adults have one kidney only.

Now if they manage to kidnap and kill a person, now they got two kidneys, a heart, a liver and other stuff.



> So, what next? our organs?

Yep, they started with our eye balls. In exchange, we are getting "relevant ads".

Also our frontal lobe. In exchange, we get depressive dopamine releases.



> What MBAs and Financists destroyed so far:

You can add governance for as long as lobbyists have been writing law.

You can add accountability for whenever MBAs and investors come in contact with news orgs.



> So, what next? our organs?

I’m almost certain I’ve seen a study that tried to prove opening up the organ trade would help the economy and hinder the black market.



I see your organ trade study and raise you a billion dollar VC to turn kidneys into penis enlargement powder, buying at a rate that prices out the majority of dialysis patients.



You have a study for this or are you just getting off on imagined scenarios? I agree VC is largely terrible, but being hyperbolic won't help us arrive at a better solution.



- Social cohesion and homogeneity and all the draw backs of destroying it.

The idea that you should mass import as many people as possible to increase GDP is absolutely one of the worst things that has happened in modern time.

If you want to import this many people then it takes a lot of hard work. Singapore is a good example.



The problem is that the Venn diagram of a) people who say things like "Financists" unironically and speak of a cabal of people with "usurary (sic) schemes" designed to bankrupt entire civilizations and b) actual, legitimate anti-Semites looks like a blurry circle unless you're right up against it.

It doesn't mean there aren't people in (a) who aren't anti-Semites and who have legitimate grievances. But they're virtually indistinguishable from the people shitposting (or worse let, legitimately posting) on /pol/.



> The problem is that the Venn diagram of a) people who say things like "Financists" unironically and speak of a cabal of people with "usurary (sic) schemes" designed to bankrupt entire civilizations and b) actual, legitimate anti-Semites looks like a blurry circle unless you're right up against it. > It doesn't mean there aren't people in (a) who aren't anti-Semites and who have legitimate grievances. But they're virtually indistinguishable from the people shitposting (or worse let, legitimately posting) on /pol/.

The problem is that the Venn diagram of a) people who collect vintage teaspoons and b) competitive yodelers looks like a blurry circle unless you're right up against it. It doesn't mean there aren't spoon enthusiasts who can't carry a tune, but they're virtually indistinguishable from the alpine warblers at international yodeling championships.

I didn't see any reference to judaism in the original post, how you both end up there is just... weird.



What makes you think that?

The rise of private equity is what immediately came to my mind here, religion never crossed it. I am not in favor of what private equity is doing to the country. The reply seems to assert that I am thus a self-hating jew, which was hurtful of them to say about me.

If anything, connecting the private equity efforts described in GP, to semitism, is what is anti-semetic. Our private equity overlords hail from many religions and backgrounds, and their creed is greed.



> During a visit to Michoud in 2023, for example, inspectors discovered that welding on a component of the SLS Core Stage 3 did not meet NASA standards. Per the report, unsatisfactory welding performed on a set of fuel tanks led directly to a seven-month delay in EUS completion.

> “According to NASA officials, the welding issues arose due to Boeing’s inexperienced technicians and inadequate work order planning and supervision,” the OIG says. [...]

Welders are highly qualified and well-paid craftsmen. Wouldn’t surprise me if they’d been hit particularly hard by management that doesn’t value tenured, expensive employees.



If you read the OIG report, it states:

"Michoud officials stated that it has been difficult to attract and retain a contractor workforce with aerospace manufacturing experience in part due to Michoud’s geographical location in New Orleans, Louisiana, and lower employee compensation relative to other aerospace competitors."



The entire purpose of SLS is to create high-paying jobs and they just... didn't. Imagine having a blank check and cheaping out. Amazing.



> if we were to have made these workers government employees

The problem is monopoly. Spacefaring isn’t exactly the type of work that attracts the safe and secure job for life types. (Most folks I know at SpaceX would have chosen another career if the only option were a public job at public pay with public promotion limits.)



>The problem is monopoly. Spacefaring isn’t exactly the type of work that attracts the safe and secure job for life types.

Sure, but we aren't talking about hiring astronauts (who ironically do tend to spend their entire career in government because it's the only place to get the thrills they want from fighter pilot to space).

We're talking about quality professional welders. Stereotyping them into one bucket would be silly, but I think it's fair to assume there are a large number of welders who wouldn't mind a guaranteed, high paying job with a guaranteed retirement package.

Extend that to like 90% of the jobs required to make a spaceship...



Do you make more welding for the USG than you do welding in the private sector?

If so it might be the only government job in the country that beats the private sector in terms of pay.



While SpaceX has been successful and innovative, it certainly doesn’t keep folks around. Average tenure is ~3.6 years. Those folks are smart, and can always find work elsewhere. Are we optimizing for the individual? Or for an aerospace manufacturing and supply chain system that requires care and feeding over decades? A tale as old as time.



> While SpaceX has been successful and innovative, it certainly doesn’t keep folks around. Average tenure is ~3.6 years

What was it for the Apollo programme?(The entire programme was 11 years [1].)

> Are we optimizing for the individual? Or for an aerospace manufacturing and supply chain system that requires care and feeding over decades?

I’m not arguing against having more people at NASA. Simply against the claim that this is the evidenced issue. Unless the entire American space programme is a failure, private operators are not the root problem.

[1] https://en.m.wikipedia.org/wiki/Apollo_program



> Apollo program doesn’t seem to be a good example of a space pipeline that is sustainable for a few decades at least

Correct. OP suggested the root of the problem is we haven't made "these workers government employees." The Apollo programme had lots of government employees. Commercial interests clearly aren't at the root of the problem.



Im pretty sure the government employees working on Apollo were mostly already there before the program or stayed there afterwards, so their tenure was probably much longer than 3.6 years. And a lot of work on Apollo was done by contractors (for example building basically all flight hardware as far as I know).



I think LinkedIn exposes these stats on Company pages. Search company and click the Insights tab.

Edit: Median tenure is 2.8 yrs according to LinkedIn.



The USSR had just beat the US to put the first man into space. The same USSR that was killing political dissidents en masse and building an arsenal of terrifying nuclear weapons. John F. Kennedy set out the ambitious goal of putting a man on the moon before the end of the decade, and then he was assassinated.

People wanted to make that happen. So they did.

There hasn't been a lot to inspire people to work for the government like that lately.



While this is how this story is regularly retold it's not quite accurate. Polling around the Moon program tells that while there was a large minority of people vehemently in support of it, the overall response was mixed, and NASA was generally seen as a good target to cut funding from. [1]

I think there are lots of parallels between the Moon landings in the 60s and the idea of colonizing Mars today. In particular, most people don't think it's possible, and so they think it's a waste of money. The Apollo program only received majority approval once we landed on the Moon. People also tend to dramatically overestimate the cost of achieving great things in space. Polling suggested people thought the Moon missions were taking up about 22% of the budget. In modern times it's down to less than 0.5%, and that's with NASA blowing tens of billions of dollars of pork projects like the SLS.

Overall support for the Moon program only began to steadily rise in the years after human spaceflight was defacto completely cancelled by Nixon, and people were able to coolly reflect on what a ridiculous and important achievement that was.

[1] - https://www.space.com/10601-apollo-moon-program-public-suppo...



According to your own link, the thing people don't like isn't space exploration, it's paying for it:

> "When you divorce it from the numbers and you ask people if they like NASA and spaceflight, people say yes," Launius told SPACE.com. "75 to 80 percent are in favor."

Because obviously; people don't like paying for anything.

If you ask someone without a lot of surplus in their life whether they'd rather have the money themselves in tax cuts or benefits or they want to spend it on astronauts, they want food on their table. Especially when they're overestimating how much the space program costs.

But the question was, did people want to work for NASA? And then you get to select your idealists from the >75% in favor of the space program.



> same USSR that was killing political dissidents en masse and building an arsenal of terrifying nuclear weapons

One more factor: decolonisation created new countries. That created a unique competition for ideological supremacy.



No, it just aligned with elite interests ("If they can put nuke platforms above our heads and we can't put some above theirs, it doesn't matter how much better our economy runs, in theory.") There were plenty of people who would have loved to have put their energy and expertise towards a climate change moonshot, but our incredibly powerful corporate interests and the legislators that they own didn't want it to happen, so it didn't.

Also, you remove that second S and first R from that second sentence, and it would still be true. Our entry into the space race wasn't a matter of unmatched moral nobility.



> There were plenty of people who would have loved to have put their energy and expertise towards a climate change moonshot, but our incredibly powerful corporate interests and the legislators that they own didn't want it to happen, so it didn't.

The problem with "climate change moonshot" is that the answer isn't really a single target or anything suitable to a government spending program. You get the result you want by doing a carbon tax and then refunding fully 100% of the money to the population as a dividend so the tax doesn't trash the economy.

Then people reduce carbon to avoid the tax. Hybrid and electric vehicles become more attractive than gas (especially to people who drive more), diesel rail lines get electrified, coal power plants get shut down as uneconomical and replaced with solar/wind/nuclear/hydro, people replace furnaces with heat pumps, etc. You don't have to order anybody to do anything in particular or figure out how it should be done for them because everybody wants to avoid the tax so they do it themselves.

The reason that doesn't happen is the reason you say -- the oil and coal industries have captured too many legislators. But even if you had the votes, the way to fix it still isn't "NASA for climate change", it's just pricing carbon.



No, trying to financially engineer incentives to make all of those things magically happen would not have worked. They tried that with broadband rollout and healthcare and got middling results, at best. Public/private partnerships are a fool's gold standard and it's time to stop getting burned by that scam.

We wanted the government to get directly involved. To fund and empower a federal agency to hire workers, plan projects, requisition resources, and execute at a massive scale, as had NASA worked in the 60s, or the WPA in the 30s. I know that this terrifies certain people, and I revel in their terror. Things that are bad for their craven interests are good for the rest of us.



> No, trying to financially engineer incentives to make all of those things magically happen would not have worked. They tried that with broadband rollout and healthcare and got middling results, at best. Public/private partnerships are a fool's gold standard and it's time to stop getting burned by that scam.

Public/private partnerships are an entirely different thing. There you still have the government dictating what should happen, even if the thing they require is inefficient or miserable, and then you invite a corrupt government contractor that satisfies none of the prerequisites for a competitive market to back their armored car up to the government's vault and suck out all the money.

A carbon tax does not involve any government contractors. You burn carbon, you pay tax. People avoid burning carbon to avoid paying the tax. All of the tax money goes back to the citizens; everybody gets a check cut in the same amount. The imperative is to eliminate space for corruption by leaving no exceptions to the tax and no discretion in where the money goes.

> We wanted the government to get directly involved.

You are implicitly asking for the thing you say you don't like.

In order to install solar panels, the government would have to buy land to put them on, and then buy solar panels. These things come from private sellers. But the government's purchasing process is thoroughly corrupt, so now you're buying solar panels and concrete and transformers from whoever's cronies have the in with the administration. You can't avoid this by trying to say "we'll make our own solar panels then" because for that you'd have to buy semiconductor wafers and fabrication equipment etc. The inputs ultimately have to come from somewhere and the somewhere is going to capture the government.

This is exactly what happened with the WPA and NASA. The term "boondoggle" was coined for the WPA's corruption and inefficiency. Around 90% of NASA's funding goes to government contractors. This is Boeing, Lockheed, Northrop Grumman, etc. And it's not a new thing:

https://www.gao.gov/assets/hr-93-11.pdf

At the height of the New Deal in 1936, total federal spending, even adjusted for both population growth and inflation to 2024 dollars, was less than $500B. (In unadjusted 1936 dollars it was $8.2B). The current federal budget is over $6T -- right now it's more than twelve times as much in real dollars per capita than it was at the height of the New Deal. The "massive scale" you wanted is more than already happening, but it's not working, because the government doesn't spend money efficiently. It siphons it into the coffers of the connected.



> killing political dissidents

That's a funny perspective. USSR just before that time mostly killed communist apparatus members¥ and with them innocent people. In such an environment, there naturally won't be too many dissidents, so I don't think they registered.

They did kill a lot of supposed sympathiers of pre-Soviet Russia, though.

¥ As they say, internal competition is the most fierce one.



I think we're talking about highly-skilled precision welders who built things like the F-1 rocket engine. These people didn't work for NASA in the 1960s: they worked for private contractors like Rocketdyne. NASA doesn't build rocket engines, and never has.



> What do you think has changed since the 1960s? There were high paying private industry union protected skilled jobs, but many people went to work for NASA

We were spending more money. There was competition among contractors. And there were skilled low-level labourers from WWII.



The Apollo project was the most ambitious engineering effort since the Manhattan project. What was next though? We didn't establish a moon base and instead opted for the Space Shuttle program which was considerably less ambitious than Apollo/Saturn V.



Corporate culture changed radically in the 70s adopting Milton Friedman views that ethics and responsibility towards society have no place in the private sector, and as a consequence started maximizing profits in spite of everything else.



Corporations never had "responsibility towards society". In fact I much prefer corporations that don't pretend to have such a burden. It's almost always a false front.

Corps have a responsibility to deliver a product or service at a competitive price in order to sustain growth.

Friedman was an economist, not a corporate whisperer. To the extent that corps changed, they were forced to by market forces, most notably globalization, a force much bigger than one man and a force that was inevitable and even necessary in the wake of world war one and world war two.



Maybe, but somehow their behaviour and their products and services changed. Companies are made of people, and individuals had more freedom to put value in what they did, they took pride in the quality of their work. After Friedman everything got "optimized" for revenue, even if this meant screwing the customers (or the society). There are some things that cannot possibly work with this "self-regulated" market, so if we want to accept this way of doing business, we should move back some responsibilities to the public sector (healthcare, infrastructures, rehabilitation, education, research), because the search for "immediate gratification" of shareholders can't move the society as a whole out of local maxima that are far away from society best possibilities.



NASA has piss all experience hiring and keeping the best fabricators, the government uses contractors to build things. The problem is with this contractor being rotten and NASA not being willing to kick them to the curb.



Why would the qualified people who desire to work in that location and have better options suddenly work for the government. If the idea is to train non-experienced people that's what Boeing did. What is going to prevent them for leaving for other local work that pays better once they have some experience.

What the government should have done is reduce their pay for missing deadlines by having milestones in the contract. At that point paying more makes economic sense and wages would rise.



Because government jobs are secure, Boeing subcontractor jobs where you are a cheap disposal cog are not. If you don’t see the value in security to someone making $20-$40/hr who needs healthcare benefits, you might start there.

A union fixes this in the long term, but that will take time. Government can employ rapidly. Something, quickly, needs to change before we forget how to build because MBAs, accountants, and lawyers burned the place down for shareholder value. There are two astronauts stuck in space very publicly demonstrating this.



A welder making double outside of the government would take a chance the more experience they have. Similiar to how many people here would rather get a job at Amazon vs the government. Chances are you are out in a year or two compared to a government job where you can survive longer for half of the pay.

Remember we are talking about experienced aircraft welders. They are not available for 20 an hour when industry is paying so much more.



Collins Aerospace is offering $19/hr for third shift welding work on aircraft. It was referred to me by someone in the labor community, and I spoke with HR under the guise of a prospective candidate to confirm. They do $26B/year in revenue.



People have been talking about raising the minimum wage to $15 for so long now (the "Fight for 15" movement started in 2012) that the inflation-adjusted value of that would now have to be almost $21/hr. However, the minimum wage is still $7.25 and seems to be likely to remain so.



The federal minimum wage has zero chance of increasing unless we get a supermajority of Democrats in both wings of congress and the presidency. Republicans, voters included, largely do not want the minimum wage to go up.



> it has been difficult to attract and retain a contractor workforce […] in part due to […] lower employee compensation relative to other aerospace competitors

You’re building rockets and complaining about the cost of skilled labor?



I always found the obsession with location-determined compensation weird. Experienced workers know exactly what their skills are worth regardless of the local labor market, so why even try surpressing their wages?

Besides when you're an aerospace company producing rockets for NASA you are not building a product that the local market pays for, so why should your workers be affected by what the local market is willing to pay for their skills? How can the local labor market accurately value their skills if the product of their labor isn't sold in the same market?



Because with non-remote work like welders you're competing with the local market for welders. Of course if they're paying 30% below market that means they're not properly doing location-based compensation.

It's also a plain idiotic move because you'll end up with workers who cost 70% as much and are half as productive, at best, or at worst workers who cost 10,000% more because they screw up a critical component and cause massive delays.



Their wages are fine, there is simply a shortage of labor which is everybody's problem and needs government intervention in the form of tax dollars or something. /s



> this argument makes no sense to me

Might want to remember that experienced welders demand stronger compensation. Can't have that compensation going to the wrong people, though. Boeing can't survive as a business if it had to compensate fairly!



There have to be a lot of welders in that region due to the oil and gas and heavy industry. If there aren't enough welders there I don't know what area would have enough. As others have said, maybe they're not paying them enough?



Related: https://www.realcleardefense.com/articles/2024/08/12/whats_b...

The Navy’s ability to build lower-cost warships that can shoot down Houthi rebel missiles in the Red Sea depends in part on a 25-year-old laborer who previously made parts for garbage trucks.

Lucas Andreini, a welder at Fincantieri Marinette Marine, in Marinette, Wisconsin, is among thousands of young workers who’ve received employer-sponsored training nationwide as shipyards struggle to hire and retain employees.

The labor shortage is one of myriad challenges that have led to backlogs in ship production and maintenance at a time when the Navy faces expanding global threats. Combined with shifting defense priorities, last-minute design changes and cost overruns, it has put the U.S. behind China in the number of ships at its disposal — and the gap is widening.

Navy shipbuilding is currently in “a terrible state” — the worst in a quarter century, says Eric Labs, a longtime naval analyst at the Congressional Budget Office. “I feel alarmed,” he said. “I don’t see a fast, easy way to get out of this problem. It’s taken us a long time to get into it.”



I think it is a great development, the US decided to export jobs to other countries to pay less its own workers, so it fits well that now it has no expertise to build its war machines.



It doesn't even have to be like that. People want comfy WFH service jobs and college is basically just becoming 13th-16th grade at this point.

America is an advanced economy and the advanced work is where the money and comfy life is. No one did anything wrong, really the problem is that too many are doing everything right.

The only real answers to this is either immigrants (who undercut local workers) or some kind of wage incentive rebalancing/redistribution (which pisses off service workers above the median income).



>No one did anything wrong

No, LIRP and ZIRP are totally responsible for fundamentally causing 'growth' businesses to be valued ridiculously higher than 'dividend' businesses. Basically any business that was "profitably make stuff now" had to compete with "no profit now, but we'll for sure change the world in 20 years" for capital and making the DCFV denominator's risk-free-rate term 0 tilted the table 90 degrees toward the latter.

The reason comfy "knowledge" WFH jobs are so much more financially desireable than anything else is absolutely the fault of the FOMC. They killed price discovery.



100% agree. No-profit high valuation businesses can easily borrow its way into existence, and profitable businesses in the real economy have to compete for the same pool of money.



I don't know why so many people on HN get ZIRP wrong.

The problem with ZIRP isn't the absolute level of interest. The problem is that the central bank thinks it can simulate negative interest through QE. The zero lower bound is ultimately a price guarantee by the government that it will offer an infinite quantity of bonds to the general public to prevent the interest rate from dipping negative.

Any form of lower price control will cause an oversupply. In this case (mostly rich) people are oversupplying capital to the government instead of simply spending it.

Since the money is concentrated in the hands of fewer and fewer people, their investment decisions are going to either be a random crap shot, since information is distributed in the economy and the people who have information to make informed purchasing decisions have no money, while the people with money have no idea what to do with it, or it will endlessly get cycled through more QE and government debt.

In a hypothetical scenario with negative interest, wealth deconcentrates so that money goes to where it needs to be.



>get ZIRP wrong.

Buddy I'm not going off an economic theory about ZIRP like you posted, I'm going off having run valuations on companies and seen that interfering with the risk free rate made bad companies (and their wasteful activities) valuable.

I agree the problem isn't the absolute level of interest. My point is the yield curve should reflect the market appetite for risk, and we broke that relationship.



> America is an advanced economy and the advanced work is where the money and comfy life is.

The only advance is the downward spiral of the American economy. The money is in the financial industry and third sector only, which only profits from the dollar control.



Everything about this reeks to me. Why do we need to build so many warships? (To fight China? We're going to war with another nuclear power?) Why are we fighting Houthi rebels? But also, why isn't the government sponsoring this training? Why is it only thousands, and not hundreds of thousands or even millions of workers being trained? And when did the call go out that they were going to be offering training? (I never hear about these initiatives, or when I do, it's for a couple thousand people to get into a position that pays $18/hr starting. Might as well walk onto a warehouse job.) If this is so important, why did they close so many shipyards during realignment?

Like, from every angle, it's ill-conceived.



>Why do we need to build so many warships?

Igitur quī desīderat pacem, præparet bellum ("Therefore let him who desires peace prepare for war").[1] While I think there's immense scope for debate over what constitutes appropriate preparation in this or any other context, I believe the core idea, that effective preparation for war can prevent it, has merit. (Though it should not be the only way a country works to prevent war!) And there are ancillary uses for militaries, such as the prevention of piracy mentioned elsewhere.

1.https://en.wikipedia.org/wiki/Si_vis_pacem,_para_bellum



>Why are we fighting Houthi rebels?

Because they're attacking commercial shipping heading to and from the Suez Canal? I mean it wlso pleases our Saudi allies but the shipping attacks are the main concern.



Can someone please explain why this is a high quality welding job? In India, welders are not paid handsomely and are rarely rigorously trained but I'm unable to distinguish between a welding job done by them compared to these photos.



The photos don't do a great job of showing it, and a lot of the skills in welding aren't immediately visible.

Welding joints that look good as-welded, instead of passing over it with a grinder and a coat of paint to cover up any imperfections? That needs decent skills.

Welding thin material, and not having the heat of the welding process just melt a hole right through? That's needs skill.

Welding thin material to thick material, where it's easy to blow a hole in the thin part before the thick part gets up to temperature? That needs skill.

Welding complex shapes where some of the work has to be done upside-down and you have to control what's going to happen to that molten metal under gravity? That's a special skill.

Doing continuous welds around complex shapes, where you have to keep the weld puddle in the right place and moving at a constant rate while completely repositioning your body and moving your feet? That's a special skill.

Because of thermal expansion/contraction, to get precision results you don't just put the parts in the desired location and weld them - you need special 'fixturing' that anticipates the inevitable change of shape due to the heat of welding. That's a special skill.

Welding joints where, to prevent contamination, you need to get shielding gas not only at the front of the joint but also at the back? That's a special skill.

Welding unusual metals, like special high temperature rocket nozzles might involve? That's a special skill.

And most importantly, if you're welding a part that takes 40 hours of welding and 39 hours in you slip on the pedal and ruin the part, you've lost loads of work. So a part that needs 40 hours of welding requires exceptional consistency too.

Of course none of this stuff is impossible. But for sure it's skilled work, and not easy to hire for.



I guess they felt, correctly, that they were not just making a weld, not just making an engine or a rocket, but helping to put people on the moon. "Building a cathedral", indeed.



Much more than that though, they would have been highly skilled people with thousands of hours of welding high pressure piping and exotic metals. It doesn't matter how slowly or carefully somebody goes, or how much they revere what they are working on, if they aren't experienced then they will turn out poor work.



A welding book I had mentioned that stick welding aluminum is no longer done because it is too hard and used the F-1 stick welds as an example of such welds. I think they we not so much welds as strategic strengthening.



I'm surprised they stick welded it. I know they oxy-acetylene welded aluminum aircraft in WW2, (which I've attempted, I found it impossible to do) and TIG welding has existed since the 50s.



The obvious patch for this is to have monetary penalties for failing inspection written into the contract, so that submitting shoddy work has a price measured in dollars. Money is the unit of caring, at least at a corporate scale, so there needs to be money involved if you want them to care systematically.

(I don’t know if NASA already does this. They might.)



One of the very interesting parts of the report is that the OIG recommended 4 areas that needed to be fixed/worked on. NASA agreed to 3 of them, and was working on making those areas better. The one recommendation that NASA did not agree with was to monetarily penalize Boeing for continuous quality issues. I found that interesting.



Inspections can help to an extent, but you can't inspect quality into a product. The customer can't anticipate every possible serious failure. Good results in safety-critical systems require an organizational culture that focuses on quality throughout the product lifecycle.



Yeah but as we see with Boeing now, when its shitshow, its more like crap is landing left and right and not a situation of overall excellence with one singular failing point.

Meaning many failures would be spotted. Maybe not 100% automatically corrected but much better situation than current regulatory capture one and stuff we see in news every second week.



My personal take / suspicion about this entire thing. This is the culmination of a thousand little death by committees that were given conflicting priorities and having to juggle them all without ever being blamed for it. Priorities such as profit, stock-value, DEI and ESG scores, "feelings", nepotism, favoritism, etc. Heck even personal bias is slowly creeping it's way back into these supposedly feeling-less committees.

Edit. And by committee I mean various levels of review, feedback, non-executive decisions, etc. What should be a simple: "Bob, this guy Steve over here that we hired to do welds is beyond useless, I don't know who hired him. Fire him immediately and get someone we know can do the job."

Instead turns into endless debates about "The post-weld review board has found our welds to be hovering at a 7.6/10 score, we need to get these numbers up people! Ping HR and let them know we want to trigger an audit review of all our welding processes, we may need to increase our spend on weld-trainee onboarding."

We all know it, we've all seen it, we've all thought about it. I exaggerate the words to prove a point, but that stuff has been infecting every institution and we need to fight back against it. I've personally seen it in our field, and it's beyond infuriating. The machine itself will fight you if you try rectify it in your own little way. And at the end of the day, I have a family to feed and house. But so does everyone else.



The problem is that you can't run a large engineering department based on "Bob says Steve isn't that good". It just doesn't scale, that's the whole reason metrics get introduced.



If you have a manager overseeing 4 people, and a higher level manager overseeing 4 managers, it takes 10 levels of management to oversea 500k people. That is not particularly daunting.



This is such a defeatist attitude. We're arguing two different things too.

We're not saying you have to personally know 500k people. We're saying that to some people, it's very clear and obvious that someone working for them is incompetent and/or simply doing a bad job (and this is not gut feel). This shouldn't be up for debate or controversy. If you hired that person to manage another person, you expect them to know what they're doing and at the very least see the Red Flags of incompetence (whatever they may be). We've been trying the "systemic" way of ridding ourselves of bias, but here it is, alive and well. What we got instead is a broken system that's full of conflicting priorities and people trying their best to navigate them and doing so badly - all whilst the actual goals and priorities get sidelined as secondary.



There's a great scene at the end of Generation Kill where the war reporter asks the commander why he didn't reprimand one of the worst leaders underneath him more harshly.

The commander essentially says that he constantly receives conflicting reports about his leaders' performance, and if he relieved one for unproven reports, his command would disintegrate. Because the good leaders have equal numbers of bad reports about them, from those who don't like them.

Summed up the proper exercise of authority nicely, imho.



That's one answer. Although manager technical expertise has to also come with minimal ego, so you can defer to your people when they know more than you.

The alternative is developing an intuition for bullshit. It's rarer, but I've had a few non-technical PMs / managers who were excellent at their job because they could suss out whether someone wasn't being honest.



Everything has to come with minimal ego. I don't see how that has anything to do with managers having technical knowledge.

And it's great if a handful of people can smell out bs in a field they're not familiar with, but you can't write policy on the back of a few unicorns like that. (Yes, managing ego is hard too, but I believe it's more common to start with and more trainable.)



Egolessness is less important in those without authority.

Once it's common for someone in authority to tiebreak on technical arguments, it becomes very important they can set their ego aside.



There is this scene in Das Boot were one of the crew members says that they are going deeper than the sub is rated for and the captain says "don't worry German engineering".



But right now we know neither (Bob or Steve being bad), and we hide that behind some objective metric that gets diluted at every level. We hide it in Steve's reviews, in Bob's reviews, in the post-weld reports, in the weld-quality audit report, the inspection. Heck even NASA oversight inspectors are probably downplaying some of the severity when stating it in their findings report (saying it's partially due to, or the welds "contributed" to the quality, etc.) instead of just saying "these guys got an amateur to weld the exterior". So this "Steve is Bad" property gets spread out across all those various things, when we could just as easily have fired Steve because Bob evaluated him. Or maybe Bob didn't state it, maybe the NASA inspector told him "Bob, whoever you got to weld this thing is an amateur. Fire him before you get someone killed."

And sure, does that mean Bob might get it wrong? Of course, he might even be a petty little tyrant with an ego or he just might not like Steve because he made a funny comment about Bob's tie on his first day. I don't think some things can scale and be optimized away like we're all a bunch of cogs in a machine with our own individual little tasks and performance metrics that get aggregated into the larger whole.



Fair point - but we've seen how metrics can be gamed and cease to be useful measures of reality. People are smart and they will game them, even if it means hiding it behind a score/checklist/report.

We can either choose excellence and competence, or we get this weird mediocrity that is killing us slowly but somehow we can say "but it's running our large department based on science and scalable metrics".

Maybe we're not supposed to make these departments scale, maybe we need to keep them small and autonomous and "unfair" to some degree in order to function. Have we considered that? Not everything has to be optimized to the N-th degree and made to grow large like an instagram or google.



Good luck fighting it. The basic human desire to stay out of the line of fire, combined with feudal loyalty trees, lead to the collapse of the Soviet Union despite the great intelligence and administrative ability of the people at the top. The only economic difference between the state monopoly of the USSR and the many companies of the US is that here, it's legal to start new organizations, where in the USSR that would be prosecuted as anti-party activity. The "I have a family to feed" effect worked exactly the same way over there.

Reading about the history of socialism is eye-opening, specifically the period where it turned into a giant bureaucratic corporation that nobody was allowed to leave. That period started even before the mass murder toned down into "repression," so strong was the desire of individual managers to make it impossible to blame them for shortfalls relative to unrealizable plans.

For all that's been said about how different the east and west are, their fatal economic problems were nothing more alien than politics plus monopoly.



Private ownership isn't anti-monopoly, though. Big fuck-off monopolies are the best way to deliver rents to shareholders, which is capitalism's objective function, so ownership and management pursue the goal with a single mind and eventually they succeed. Eventually they find a combination of vertical/horizontal integration, economies of scale, network effects, platform effects, last mile dynamics, regulatory capture, and ownership rights that lock out competition. It's all they talk about, it's all they think about, and if you try to deliver a pitch to an investor without some kind of plan to build an anticompetitive moat god help you, lol.

I'll believe that capitalists believe in competition when they start passing policy that promotes it. Policy that tax disadvantages large corporations to encourage them to break up. Policy that winds down the "cheat codes" that business students and boardrooms salivate over. Policy that prevents political influence from becoming just another route to investment return. Policy that makes it easier to do incorporation/payroll/taxes/benefits for small businesses. Until these things happen, I see capitalism as just one more flavor of the same old empire-building dynamics that stretch back through time.

And not necessarily the winning one. Selling the industrial base of the United States economy to the Communist Party of China in order to pump the assets of wealthy Americans was a real six dimensional chess move. I suppose we'll see how it turns out.



I didn't actually mention private ownership, only what might be called the right of free assembly.

Also, for what it is worth, individual players in the market obviously want to become literal kings. They're "capitalists" but not "capitalist ideologists." Capitalist ideologists are people like Milton Friedman, who was not a fan of monopoly and who was himself not much of a businessman.



So they aren't true capitalists? Why does that sound familiar?

My contention with the likes of Milton Friedman isn't that he enjoyed monopolies, it's that his policies (and those of capitalists by any definition I have heard put on the field) tend to support and encourage the formation of monopolies. Markets are full of natural anti-competitive forces (again, just ask any investor about moats) and if you don't have a plan to stomp them out, markets just devolve back into the world's 500th mechanism for the people on top to extract rents from the people on the bottom. As a side effect, the monopolies grow into the same bureaucratic monstrosities they claim to be the cure for.

Exhibit A: Boeing, per TFA.



Boeing is a government-dependent monopoly, and Friedman argued convincingly that pretty much all long-lasting monopolies were too. They achieve regulatory capture and that's that for competition.

Also, it was true both times you heard it. Brezhnev had no intention of "building communism." :-)



There's no cure though. You can't fix organizations infested with politicians. They're too entrenched. They have an advantage: you, rare competent person, have to focus on both the engineering and the organizational dynamics, whereas these creatures, since they don't believe in world of atoms outcomes, can spend 100% of their time on schemes and on getting rid of gadfly types like you.

Progress depends on creative destruction, not internal reform. The only way we maintain or advance quality as a society is to enable the continual creation of new institutions to compete with sclerotic and terminally politician-infested ones.

When you artificially prop up the latter, you curtail progress overall.



So, would you prefer the space division of Boeing to crash and burn, and be replaced with something else entirely? Where would it come from? What to do with other important Boeing space contracts, like, say, X-37?



> Welders are highly qualified and well-paid craftsmen.

They’re not. You must be one of those people that hears something once and quotes it as gospel. My BIL did that yesterday: “nfl viewership has been down because of all the different platforms, and it’s been trending down for years.” As it so happens, last year was their second-best year of ratings since ratings were tracked. But, it fit his narrative, facts be damned.

“We all see the welding school advertisements: Make Over $100,000 As a Welder! And while it’s true that skilled welders are among the most sought-after workers in the job market, the average welder is bringing in $48,000 per year, a far cry from six figures.” [0]

[0] https://primeweld.com/blogs/news/how-much-do-welders-make-in....



This is 1000% false and misleading. My Dad was a journeyman machinist and many of his friends were highly sought after welders in the area we lived. These guys could weld anything anywhere and exceed quality criteria.

Welding is an art and at a certain required level of performance it's not something you teach, but find the folks who have the drive to be that good and want to weld for high precision requirements.

What you've linked is a run of the mill welder. My Dad machined classified parts for USG and NASA. When they'd get those jobs they would go to the guys who had a reputation to be able to produce the die to the spec required. Messing up a multi-ton die of a specific quality could cost hundreds of thousands of dollars in lost material and time. You don't make $48k on those tolerances, even back in the 80s.



I'm not sure how to address this. I sent a link that says "sure some people make 100k+" and your dad was one of them. The link ALSO said "most people make half of that" and your anecdote doesn't refute anything.

Your dad had a a trade skill, and obtained a clearance. Congrats, he is an outlier. Nothing I said was false or misleading.



I can assure you that skilled welders like the ones you need for aerospace applications are rare and valuable. The welding techniques and standards are much higher than your average welding application



Headline makes it sound like it's intentional, like Boeing knows the moon's haunted and wants to prevent people from going.

Turns out they're just a giant company suckling on the teat of mommy government and have developed severe structural dysfunction that prevents them from effectively executing their plans.



Title of The Economists article form April:

> Can anyone pull Boeing out of its nosedive?

Apparently the answer is a sound no.

They decided to proudly shoot themselves into the stomach, then mitigating the situation by setting themselves on fire.

The inspector general is wrong saying "blame on the aerospace giant’s mismanagement and inexperienced workforce". How can someone blame clueless person? The blame is on those putting clueless person there in the first place. Or is the management the most inexperienced and clueless of all for this line of job perhaps?! As suspected for many many years now. Ajh!!



Well, we have new CEO, Kelly Ortberg who started Aug 8th, to give it a go.

It looks like they are having a go at correcting some of their more noted flaws - he's an engineer and is going to run things from Seattle. Good luck to him!



Yeah like that'll make any difference. They've had a bean counter in charge for the past 4 years, and another engineer before that who was fired over the 737 Max fiasco.

"CEO changes will continue until morale improves"?



> Originally, the EUS was allocated a budget of $962 million and intended to fly on Artemis II, which in January was pushed to no earlier than September 2025. But by the OIG’s estimate, EUS costs are expected to balloon to $2 billion through 2025 and reach $2.8 billion by the time Artemis IV lifts off in 2028.

Lets see they were allocated a budget of $962 million in order to deliver in 2025. But now they can deliver in 2028 and they will be paid $2.8 billion.

They would have to be stupid to deliver in time.



Exactly - all the anti-Boeing sentiment in the comments here (while deserved) should also be directing some ire at the funding and contract structures being used for these projects (I.e. “cost-plus” contracts).

They’re just bad policy if you want the _nominal objectives_ of the project delivered on time and on budget; they have structural incentives for contractors to go over.

(It’s pretty clear that delivering the nominal objectives is not what the relevant policy-makers are actually aiming for, though. The cost overruns are the real goal for them, as it’s a kind of pork to steer regional funding)



The purpose of a system is what it does. Defense contractors extract money from the government, they are not here to enable space travel, they are here to move money from other people's pockets to their own. Any other actions are purely ancillary. And if they can get the money without delivering any result at all, why, they're fine with that.



> The purpose of a system is what it does. Defense contractors extract money from the government, they are not here to enable space travel, they are here to move money from other people's pockets to their own. Any other actions are purely ancillary. And if they can get the money without delivering any result at all, why, they're fine with that.

This is part of the reason why the new era of firm, fixed price contracts at NASA is so important. And why it's so troubling that NASA is having difficulty transitioning SLS contractors to such contracts for later (Artemis V+) rockets.



> Starliner is fixed cost.

It sounds like you agree that Boeing is failing to adopt to fixed cost?

Just from pop culture, isn't starliner that thing that leaves people stranded for a year after making them shed "excess" baggage for a supposedly weeklong(?) trip?

Also from https://en.wikipedia.org/wiki/Boeing_Starliner

> Boeing has lost more than $1.5 billion in budget overruns on the Starliner project which has been marred by delays, management issues and engineering challenges. The price paid per flight has also drawn criticism from NASA's inspector general and from observers who point to significantly lower costs on the competing Crew Dragon.



That sounds good, until it leaves NASA entirely dependent on SpaceX as a single supplier. For better or worse, there don't seem to be any other companies (old or new) that are able to successfully execute on huge fixed-price contracts.



> For better or worse, there don't seem to be any other companies (old or new) that are able to successfully execute on huge fixed-price contracts.

Northrup Grumman seems to be doing a pretty good job with Cygnus. And ULA seems to be doing alright with NSSLv2 (although it sounds like they may have had to give up a launch or two due to Vulcan delays).



Stoke Space also has a pretty huge rocket nerd at the helm[1]. And of course there's Blue Origin (even though they seem to be taking forever). The industry has been flourishing lately, though (with the possible exception of Blue Origin) it'll be a long time before these younger companies produce anything capable of rivaling Falcon 9, let alone Starship.

[1]: https://everydayastronaut.com/stoke-space/



> And of course there's Blue Origin (even though they seem to be taking forever)

Ever since Bezos installed David Limp as CEO, it seems like they've been able to ship stuff. It's hard to know if he was set up for success by his predecessor, but their older no press policy prevented anyone from knowing it, or if he changed the company culture for the better.

Regardless, it appears like Blue Origin is likely to launch New Glenn this year. Or, at least the DoD thinks it's likely enough that they agreed to onramp Blue Origin to NSSLv3 (pending a successful launch).

> it'll be a long time before these younger companies produce anything capable of rivaling Falcon 9

I don't think it'll be that long.

* Blue Origin's New Glenn should launch in 2024-2025.

* RocketLab's Neutron should launch in 2025-2027.

* Relativity's Terran R should launch in 2026-2028.

That's remarkably soon.

Of course, as you point out, Starship should be operational quite soon. It'll be exciting to see how things shake out.

My personal opinion is that SpaceX will move to payload based pricing, somewhat akin to their current rideshare pricing. I'm just pulling numbers out of the air, but something like $10m + $3m/tonne. That way they can compete for smaller payloads while also being paid appropriately for launching really heavy stuff. However it ends up, I'm sure pricing will be heavily influenced by the competition when it comes out.



It only reads that way if you're being very very generous and have lived under a rock for the past few years so that you've not seen any other information about Boeing.



> Turns out they're just a giant company

That should die. This is what happens when you allow monopolies, you can’t even let them die because you’ll be left with nothing.

They face no competition , and have no reason to improve



The "left with nothing" fear is unfounded. All of their assets would be bought up by investors seeking to do the same thing but the right way; a factory has value and somebody will want it.



Perhaps. But now imagine trying to be the politician(s) selling the "let'em die" idea. Most voters will be thinking, "What if my company is next to go?" and will vote accordingly. Thus there are few very politicians willing to take the high road.



I usually despise stack rank, but it looks like there are times when it's needed. Maybe companies should mostly eschew it for other methods, but run it once per decade and flush out all the dead weight, of course, including management.



The problem is that stack ranking rewards the political actors and not people who heads down focus on their work. This is especially true when the organization has already been taken over by the parasites.

I think Boeing needs to immediately fire everyone in leadership positions with a finance or consulting background, unless they're under the CFO. Everyone needs to be reviewed to make sure they have the background to lead their team. If the leader can't do the work of the people at least one and ideally two levels under them they need to be fired for incompetence. Basically Boeing needs rebuilt from the top down as a company of doers.



You would have employees evaluate the managers. You can have outside consultants also evaluate the health of the management --but that can get tricky.



Neither approach works.

Engineers (management are also employees, right?) ranking management erodes management authority, and management will never stand for it.

Outside consultants are usually hired with a fixed agenda - the rotten eggs almost always get to stay.

Stack ranking is evil, period.



It is, but it may be periodically necessary to get rid of dead weight and extirpate those who’ve risen to their level of incompetence.

I'm not advocating stack ranking for yearly review but rather a quintennial or decennial event to clean-house. In other words, a mechanism to avoid what happened to Boeing, Intel, Yahoo, and what is happening to Google and others.

360 reviews obviously allows orgs to get fat and carry bloat.



I agree with you on the importance and necessity of getting rid of dead weight.

All I'm saying is that stack ranking might not successfully get rid of dead weight. As with any system of metrics, the people who game the system are the ones who reap benefits from the system - thereby subverting the system, and preventing it from achieving its stated goals. As systems of its kind go, stack ranking is particularly insidious and gameable.

I have no idea what _would_ work, though. I have some half-baked thoughts, but will reserve them until such time as they are better than half-baked.



Pournelle’s Iron Law of Bureaucracy claims another victim.

In any bureaucracy, the people devoted to the benefit of the bureaucracy itself always get in control and those dedicated to the goals that the bureaucracy is supposed to accomplish have less and less influence, and sometimes are eliminated entirely.

RIP Jerry. A Step Farther Out is one of my all time favorites.



Does anyone actually seriously believe the U.S. will land a person on the moon in 2025? This is the country that takes decades to open a new subway station.



You got things very confused.

SLS is the thing that launches Orion, which is the capsule with humans inside. SLS isn't capable enough to get that capsule into lunar orbit. Orion also isn't landing by itself though, it just transfers the astronauts to a landing vehicle (SpaceX Starship, currently...), which lands and then starts again.

The thing brought up in that video is that the rendezvous point should probably be in lunar orbit, but isn't.



Unfortunately there is no alternative to Orion so far.

No, Starship may carry people to the moon, but getting them off the moon isn't possible. The lunar Starship won't return to LEO.

The closest thing you could do is send another Starship and do the same NRHO docking that SLS+Orion is already doing and then instead of aerobraking, do a deceleration burn to get an LEO capture. That is the only way without Orion. For better or worse, Orion in NRHO is indispensable.



We're the only nation that has ever done it. It seems like unchecked graft is our current main problem. In the scope of all problems of returning people to the Moon this is both expected and the easiest to deal with.



When that was happening, the US was spending ungodly amount of money to show Soviets that they can take ~a nuke~ sorry people to the Moon and back.

Boeing, Lockheed etc. were still engineering oriented companies full of projects and management opportunities for innovative and risk-taking people. Starting with the Reagan era, they are now emptied out rent seekers full of car salesmen who look up to Jack Welch as a role model.



And there were a lot more players in aerospace then too. Apart from Boeing and Lockheed, Apollo also involved North American Aviation, Grumman, Rocketdyne, General Dynamics, Pratt & Whitney, Douglas, TRW, and Bell. Of those, only General Dynamics and Pratt & Whitney have not been acquired or merged into other companies.



Are there not _far_ more players in aerospace today than what you listed? Maybe those of today are not at the scale of the companies you listed at the height of the cold war, but we're really in a new era of space industry.



> Boeing, Lockheed etc. were still engineering oriented companies full of projects and management opportunities for innovative and risk-taking people. Starting with the Reagan era, they are now emptied out rent seekers full of car salesmen who look up to Jack Welch as a role model.

To be fair, Boeing, Lockheed etc won't be the decisive players putting humans back on the moon from the US. It'll be smaller and scrappier players more akin to startups.



This is where the "ungodly" funds of Cold War make the difference. There is little incentive in the US government to spend at once as much and take political risk as much as it did back then.



I really think it's worth it to go back and read the original Apollo program proposals, technical conference memos, and NASA administrative plans to see the history of the program and how something like this gets off the ground in the first place.

The US was not a bastion of technical capability or well educated people in the 1950s. To say that the "skill doesn't exist anymore" suggests a misunderstanding of "where it comes from" in the first place.

You can do the same thing for Apollo as you can for the Shuttle. The process of reading through these histories, from front to back, is incredibly enlightening, and shows just how with determination alone you can build something like this from scratch.

That being said.. it really also helps if there's a dual purpose use for the military.



I think you drastically underestimate the influence that World War 2 had on up-skilling a technological workforce in the United States. I know a handful of people who's fathers or relatives went from farm boy to a radio technician with basic electrical engineering skills (or a similar story) because of the war.

The effect that war had on the technological progress, including learning the skills of how to manage a not-so-simple idea like going to the moon into reality was incredible, and a direct spinoff from the bureaucracy created during the war.



Most people want to deny it, but both Apollo and Space Shuttle were the results of there being a Fucking War(tm) that had to be won at any cost.

Nowadays, that specific motivator is squarely with the Chinese.



But what wars has China started though in order for us to be afraid of them?

If I look at the current score board in the last decades, US has invaded more counties than China (have they found those WMDs yet?), yet somehow we're (us non Americans in the west) are supposed to fear China, because reasons?

Honestly, my biggest enemy right now is my own EU government who has done the biggest damage to our country and because of them there's a shortage of doctors, teachers, etc, high inflation, stagnating wages, high taxes, unaffordable housing, etc. We have done that ourselves, not China. Whatever bad things China is doing in their own back yard is much less damaging to us than all those things I've just mentioned yet somehow we're expected to fear China.

Aren't these foreign boogie men convenient finger pointing to our corrupt and incompetent leadership: "Hey, don't look at us for your plummeting standard of living, look at Covid, Russia, China, immigrants with beards, The Loch Ness Monster, etc". Give me a break.



China has made it pretty clear that it is planning to grow into a dominant position and then invade Taiwan and claim the 9 dotted line.

While it is true that it is globally not very active in military terms I am pretty sure that this is going to change when more and more economic partners are realizing that there is no more money coming from China and it is cheaper to just default on their debt and nationalize Chinese interests.



> and then invade Taiwan and claim the 9 dotted line.

FWiW :

    The Republic of China (ROC), or simply China, was a sovereign state based in mainland China from 1912 until its government's retreat in 1949 to Taiwan, where it is now based.

    The nine-dash line, also referred to as the eleven-dash line by Taiwan, is a set of line segments on various maps that accompanied the claims of the People's Republic of China (PRC, "mainland China") and the Republic of China (ROC, "Taiwan") in the South China Sea.

    A 1946 map showing a U-shaped eleven-dash line was first published by the Republic of China government on 1 December 1947.
The area has always been claimed, whether by the ROC, the PRC, or indeed under Puyi, who had reigned as the Xuantong Emperor of the Qing dynasty.

The issue is that "Western" sea faring nations self selected themselves as arbitrators of global borders, including those of regions with governance dating back 4,000 years.

    On 12 July 2016, an arbitral tribunal organized under the United Nations Convention on the Law of the Sea (UNCLOS) concluded that China had not exercised exclusive and continuous control over the [ dashed zones ]

    Over 20 governments have called for the ruling to be respected.
    It was rejected by eight governments, including China (PRC) and Taiwan (ROC).
https://en.wikipedia.org/wiki/Nine-dash_line

https://en.wikipedia.org/wiki/Republic_of_China_(1912%E2%80%...

China and Taiwan have always claimed the regions within the nine dashed line.



It is somewhat disingenuous to say that Taiwan claims those regions. China has made it clear that any abdication of those claims would be seen as a move towards independence and result in invasion.

Similar to the Chinese claims that the British never brought democracy to HongKong while China threatened invasion if any such thing had happened.



>China has made it pretty clear that it is planning to grow into a dominant position and then invade Taiwan and claim the 9 dotted line.

Populist words are cheap. I'll start blaming China for warmongering when they actually put boots on the ground. Meanwhile how many dorne strikes has the US made in the middle east without any consequences?



But the massive buildup of the Chinese Navy and their paramilitary maritime militias are not cheap. In the end the only thing that matters is if China invades Taiwan there will be war, if it doesnt there wont be. Better be prepared for the first case.



Wars don't have to be waged with rubber and lead; actually, fighting a war is about the worst possible way to wage one.

No, China is waging a war against the entire world in the smartest way imaginable, and most of us don't even realize it: They have their financial tendrils in all of our economies, down to the core elements and throughout the peripheries. Nearly everything has at least some degree of Chinese monies and thus influence now.

It's really only a matter of time until Pax Americana comes crashing down because we are all far too busy complaining about our navels. Be prepared, because Pax Sino isn't going to be kind to most of us.



>No, China is waging a war against the entire world in the smartest way imaginable, and most of us don't even realize it:

IDK man, being drone striked from above by the USAF seems far worse to me than whatever China could be doing to me, but I'll bite.

>They have their financial tendrils in all of our economies, down to the core elements and throughout the peripheries. Nearly everything has at least some degree of Chinese monies and thus influence now.

More influence that the world reserve currency which last time I cheeked is the USD and only the US has the printer for it?



>Powerful undemocratic countries are scary

Just like all the other undemocratic dictatorships the west is "friends" with and turn a blind eye to their anti human rights actions?



There is no reasoning about this. Government as an entity (especially the "Rainbow" West ones like the EU and US) is literally schizophrenic or crazy or has multiple personality disorder (that's the best analogy I can come up with). Their laws are not internally consistent, their words don't match their actions, they entertain conflicting and opposing priorities, they actively do things to their own detriment, they promote the well-being of everyone but their own citizens, they can't get consensus on anything from their own populace, and they blame everyone and themselves too at the same time for their own failings.

They admit their own failings by showing us who they are "allergic" to. So yes, China may be a "bad guy", but they're painted as a boogeyman for a reason.



Apollo really was a rare alignment of motivations, unbounded optimism meets existential fear, ie, "humanity can migrate into the stars" overlapping with "if we don't do this the commies win first strike capability", seems unlikely to re-occur.



Something else... US current political climate vs immigrants doesn't help. In addition to the life prospects of potential immigrants.

I'm a drop on the ocean only, but my case is the one I have: PhD in Computer Science, highly specialized and have lived and worked around the world , but there's not enough that attracts me to living in the US.

Its health system issues, the animosity against minorities and immigrants and the lack of reasonable immigration paths for professionals make it unsexy.

And as I said I'm literally nobody. How would the US attract real post Ww2 talent?



There is definitely animosity towards migrants in the U.S. but I’m not convinced it’s any worse than in any other country with a large immigrant population. Look at the huge advances made recently by far-right parties in Europe for example, or the riots in England.

> lack of reasonable immigration paths for professionals

getting a visa is the hardest part, but doable if you’re a bit lucky. Once you have the visa, getting permanent residency after a few years and ultimately citizenship is relatively straightforward, IF you’re not from one of a few countries with large numbers of immigrants to the U.S.: mainly Mexico, the Philippines, China and India.

It seems from your profile that you’re Mexican so yeah, getting permanent status in the U.S. would take a really long time even if you got a visa.

This is one of the biggest competitive disadvantages of the U.S. currently: making it unreasonably hard for skilled people to immigrate, compared to places like Canada or Europe. But I think it’s an exaggeration to say there’s no reasonable path.



It can be unreasonable, like you mentioned, if you originate from specific countries. For sectors like Defense, Aerospace etc., you literally can't work unless you are a permanent resident or a citizen. Which means, even if you do have a visa, without a path to permanent immigration, you can't really contribute in those sectors, making it unreasonable.



If they keep awarding contracts to SpaceX for getting the needed pieces done, then it's possible. :)

At least until SpaceX starts to feel a bit too comfortable... o_O



That doesn't really seem like something SpaceX will do any time soon though. After all, they want Mars. The moon is just wasting time to SpaceX. So until SpaceX achieves Mars, they have too much to do to become too comfortable. Of course, I just sit on a couch offering opinions.



> That doesn't really seem like something SpaceX will do any time soon though. After all, they want Mars. The moon is just wasting time to SpaceX.

IMO, the opposite is true.

1. SpaceX needs money to fund their Mars dreams. And the HLS contract is a couple billion dollars that they can grab.

2. Getting to the moon with NASA will dramatically help SpaceX because NASA will be working with them to crew rate the lander for everything except taking off from and landing on Earth.

3. Developing HLS Starship will let SpaceX begin to offer private Lunar missions.

4. Mars is really tough. It's far away, it's only feasible to travel there once every 2 years, it's very difficult to land, and it'll be super hard to get in-situ resource utilization - basically harvesting resources from Mars to generate enough propellant that a return trip to Earth is possible.

I'm sure SpaceX will probably send some rockets to Mars. But the first few sets will be figuring out hwo to land and maybe set up ISRU. And in the meantime, the Moon is a great venue for SpaceX to train systems and earn a bit of money.



If America can make space a crusade again instead of a business sure.

The Chinese are currently in their Apollo phase in which every engineer dedicates their life to the mission.



I honestly hope so or soon after although I think it unlikely. The psychological shock to the nation & to the world of seeing China do it before us will be immense. It will have indicated a changing of the guard and the decline of America.

But I like to think we will.



That was always a bullshit date. No different than elder Bush's Mars in 2030. 2028, maybe if everything goes well with Starship, and the suits. Their lunar variant is still a disaster waiting to happen without a better design. We've seen how Starship destroys a launch pad with ill-conceived flame diversion. How is it going to land on unprepared regolith without toppling in its own crater or destroying the engines with rebounding shrapnel? SLS is also supposed to somehow fit into the picture which is still not tested in any way resembling the baby steps Apollo took.



Super Heavy isn't going to the moon. Also, the moon has less gravity. WAY LESS.

I think those two things combined means your logic is off by at least 3 orders of magnitude.



"We've seen how Starship destroys a launch pad with ill-conceived flame diversion. How is it going to land on unprepared regolith without toppling in its own crater or destroying the engines with rebounding shrapnel?"

Starship has fewer engines than Super Heavy, it likely won't be landing at full throttle either, and lunar lander Starship could have landing legs as well. The lower gravity on the Moon means that you can carry more hardware with you. Maneuvering in 0.16 g is nowhere near as fuel intensive as in 1 g.

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