We all know that the Boeing mess will end up with everyone involved in creating the mess walking away richer as the state goes in an cover whatever bill to keep boeing from collapsing as the alternative will be for non-american companies to take over the entire commercial airoplane manufacturing sector.

The problem with the just more competition argument is that it never actually works once a market reach a broken state it never self correct as too many people is going to be affected for that to be allowed to happen, which is exactly how mercantilism keeps creeping back, as the nation state behind it falls into the trap that protecting whats working is preferable to allowing the chaos of creative destruction to take down an entire sector of the nations economy.