Airbus In Trouble

Over at Winds of Change Joe Katzman makes a case for the idea that Airbus is slowly imploding due to improper management by the EU beaurocrats. His conclusion:

Socialism is a farce at the best of times, but watching the various unions, Eurocrats, and government appointees try to play businessman and tell EADS/Airbus how to run their affairs in a major global industry is even funnier than usual. Tell us again how Europe is going to dominate the world economy with this approach, Mr. Rifkin. It’s been a hard week, and I could use the laugh.

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