By now Boeing has had enough embarrassing engineering failures in recent years that it's pretty clear there's something wrong at the company.

The safety of air travel is not due to current Boeing's practices, if anything, it's despite the efforts of their leadership to cut costs. Air travel safety is due to operational procedures, airline maintenance personnel and safety regulations.

I agree that this isn't a fundamental fault of capitalism, particularly since the way Boeing is propped up is not very capitalistic.