How many years—decades, even—have the pundits predicted that the global economy is coming? It’s no longer coming, folks. It’s here.
Nowhere is this truer than aviation. Airplanes, engines and avionics are built all over. China is—according to all the experts—the biggest market and, at the same time, the biggest competitor.
Airlines partner with each other worldwide. I get “invitations” to aviation trade shows all over the world. (I’d go to all of them, but they want me to pay my own way.)
It is rare, these days, to buy anything in aviation—from basic to highly sophisticated—that is made totally in the U.S.A, or, indeed, any other single country.
Being a devout believer in the free market, I think a global...