Boeing and the EU

mattboxminJersey Economy, Markets, News

Re-printed from the Jersey Evening Post published 19th March 2019.

This week I’m simply re-printing a couple of articles from last year. The first was published in November 2018 and voiced my concerns over the safety of the Boeing 737 Max 8 aircraft. A second deadly crash has taken the death toll to 346 people.

On the 29th October 2018 flight JT610 crashed into the sea, killing all 189 on board. The aeroplane was a Boeing 737 Max 8 owned by Lion Air. There were no Britons on board so coverage in the UK was light – in media the nationality of the dead is important! The flight investigation is fast reaching the conclusion that the crash was caused by a software fault, and there was absolutely nothing the crew could do to prevent it. The Boeing 737 had a software upgrade and subsequently Boeing have warned that erroneous readings from a flight-monitoring system can cause the plane to abruptly dive. The crew made valiant attempts but were unable to override the faulty technology. Rather bizarrely the angle of NBC news in the USA has been to blame Lion Air and raise concerns about all Indonesia airlines in order to not upset a patriotic American public.”

In some respects corporations run the world, not Governments. The Boeing Max 8 story demonstrates big business regulation at its worst. It’s a sad day when the rest of the world must force the USA to ground dangerous aircraft.

The second piece was from October 2018 and was my prediction for Brexit

“When faced with impossible problems politicians normally just kick the can down the road. You see Brexit hurts Europe as much as it hurts the UK and the ideal will be to keep free-flowing trade and the free movement of individuals, for as long as possible. So, I would expect the transitionary phase to be a very long one – because quite frankly no UK political party has a policy for a credible outcome.”

In the Jersey referendum on government reform 80% voted for change – nothing happened. The UK seems to be going the same way in respect of enacting the referendum wishes of the majority. However, our politicians have a heightened sense of self-importance and special needs. When laws are enacted affecting the common people a simple majority will suffice. When it comes to laws affecting politicians a two-thirds majority is being proposed. Why should legislation affecting the political elite be treated differently to legislation affecting everyone else? Very undemocratic.


Written by Ben Shenton