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Airbus isn't firing 10,000 people(atleast not directly). They are selling parts of the company and those parts employ 10,000 people.


"I read today that in Europe, Airbus is firing 10,000 people all of whom are paid high wages."

Being 3 years late with the A380 hasn't helped much. Airbus is an intergovernmental fuckup - having to answer to the French and German governments does not make for a flexible business. (BSE got smart and sold out.)

"Of course, by then, it will be painfully obvious to even Americans that something is terribly wrong."

OK. Whatever you say. (You got your PhD in econ where, again? Berkeley? LSE? Stanford?)


It is because she does not have a degree in econ that she can see things more clearly. No propaganda to flush out first. Once you have been trained to think a certain way, it takes years and years to undo it.


So... I don't have a degree in civil engineering, and that will make me a better bridge designer?

Sorry... I'm not following that at all!

Elaine Meinel Supkis

I built my own house without earning a degree in Architecture. I learned economics the hard way: via my own life experiences. Believe it or not, I used to be a speculator and tried to make money on market ups and downs. Some years, I made a lot.

Now I can't do that anymore because both my first and second husbands are disabled and I can't live a life of risks. Oh, I used to go for both ends of the spectrum! Lived high of them thar hogs! Poor as a church mouse.

No more. Following a strict budget and counting pennies and growing veggies. Still have investments but they make me nervous because of all the damn blasted stupid things going on. I want a STEADY INCOME not super rich/super poor.

That sucks when you are nearing retirement anyway.


"I built my own house without earning a degree in Architecture."

A house is one thing. I'd let you build a house for me. Not so sure about a bridge over the gaping chasm. (Maybe a bridge over troubled water though...)

"That sucks when you are nearing retirement anyway."

I sympathize with that. One's appetite for and ability to handle risk needs to take into account where one is in life - one should become more conservative as one goes further along life's road.


Smith, I do not consider economics to be a science or a trade like engineering. It is, in my opinion, totally bogus. Surely you must know that. Do you really think economists are on your level of education?

Engineers can build bridges and other structurs that can stand for 50 years or more with no significant changes. Can economists build an economy that does the same?

What would happen to the field of civil engineering if bridges kept collapsing every 5 to 10 years? Would civil engineers start talking more like economists?

"Well, the bridge may stand, or it may not stand. There is a high probability that it will stand at least through December, but then, depending on weather patterns, traffic levels, copper thieves, etc. etc., that prognosis could change. Heck, we might even see some ups and downs in individual concrete slabs before then, but nothing major."

Elaine Meinel Supkis

HAHAHA. Thanks for the laugh, DeVaul.


"It is, in my opinion, totally bogus."

You are, as always, entitled to your opinion.


"What would happen to the field of civil engineering if bridges kept collapsing every 5 to 10 years? Would civil engineers start talking more like economists?"

If you read Elaine's typing about dams, civil engineers do talk like economists.


Fuck up and biggest aircraft company?

Elaine Meinel Supkis

We will all be flying on Iron Dragons made in China some day. Those of us who are not pulling rickshaws, that is.


The choices of individuals and small groups build economies; at best economists try to explain why people chose what they chose when they chose it and how whatever choices they made came from certain behaviours that one calls economic.

Elaine Meinel Supkis

In Greek, economic means 'domestic matters'. Namely, the wife and how she ran her home while the men were at war, getting drunk or chasing after young boys.

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