Competence? Bah! We Don't Need No Stinking Competence
Now multiply the Boeing example and its effects by the thousands
The sins of financialization are still being visited upon its children. If you think on it, the global financialization movement shares a whole lot of the characteristics of, say, the Chinese Cultural Revolution.
See: https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/ for a description of the Boeing case.
One of my in-laws worked at Boeing. It's become a demoralizing nightmare. Senior management is incapable of anything but bad faith.
Is the meaning behind your claim that capitalism has led to crony capitalism, and crony capitalism is now leading to the earliest signs of communism? That would be ironic indeed.