Stock of the United States’ largest defence contractor Lockheed Martin was downgraded to Hold from Buy at Deutsche Bank by 14.5 percent, with a price target of $523
I mean yeah, the purpose of these companies is to put taxes back into the pockets of billionaires instead of spending them on stuff they’re meant for like infrastructure, healthcare, education, and so on. That’s why majority Americans live like dogs.
Private sector in China is not allowed to operate the same way the private sector operates in the west. So, your whole comparison is fundamentally flawed.
Producing literally hundreds of a single type of airplane with orders for the next decade or so isn’t exactly “nothing to show for”.
And even if you discount the actual sales, getting billions in development budget from the US government is pretty good for business.
I mean yeah, the purpose of these companies is to put taxes back into the pockets of billionaires instead of spending them on stuff they’re meant for like infrastructure, healthcare, education, and so on. That’s why majority Americans live like dogs.
Opposed to the Chinese corporations which are famously basically charity organizations?
What exactly is your point? Your moving goalposts to completely different planets.
It’s yogthos lol, can’t expect anything less my friend
Hey quick question genius, is Chinese military industry state owned or private? 🤡
Looks like both.
It’s pretty much all state owned, and in cases where private industry is used, it’s tightly controlled including party members being embedded within the companies. In fact, the role of private industry in China has been declining overall https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among
Looks like AVIC is public and private, do you know the ownership breakdown?
I’m sure you can look it up since you’re the one who brought it up.
China doesn’t use private sector for its military. Try to put a bit more work into your trolling.
I disagree.
https://wikipedia.org/wiki/Chengdu_Aircraft_Industry_Group https://wikipedia.org/wiki/Shenyang_Aircraft_Corporation
CAC has been promoted to a state enterprise in 1990. Try harder.
Looks like it’s owned by Zhonghang Electronic Measuring Instruments, which is public? Or maybe they’re owned by AVIC which is both public and private?
Private sector in China is not allowed to operate the same way the private sector operates in the west. So, your whole comparison is fundamentally flawed.