An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, September 18, 2017
Sputnik International — The Boeing-Bombardier Feud
Boeing claims huge Canadian government subsidies allowed them to sell a new fleet of planes at substantially less than the market price.
But David Collins, a professor of international economic law at City University of London, said the case smacked of "double standards."
"It's a bit rich of the United States to say that Canada is subsidizing Bombardier, because the US has been doing the same for Boeing for years," Professor Collins told Sputnik.
"Lots of industries are subsidized. The convention is that everybody is doing it and you just turn a blind eye to it. Now there is a worry that this could escalate," he added....
The basic cause of all this is that there are lots of people in high places suffering from toys-for-boys-itis.
ReplyDeleteThis is a serious disease which costs the taxpayer dearly and there is no known cure.
This comment has been removed by the author.
ReplyDeleteCry me a river, you hypocritical wankers.
ReplyDeleteWTO rules Boeing's state subsidies illegal
http://www.bbc.com/news/business-38131611
Wow. This is big! I am updating the post.
ReplyDeleteOops. Spoke too soon on checking.
ReplyDeleteWTO reversed its prior decision in favor of Boeing.
http://money.cnn.com/2017/09/04/news/wto-boeing-reversal/index.html