Google Says Break Up Companies Too Big To Fail

Nemesis999 said:
Basic Mail and Highways, healthcare? LOL

Advances in the healthcare industry cost a fortune, and pays out similarly. Sure, you can do it, if you either want to A) pay MASSIVE taxes to cover the cost of the service, or B) Stop healthcare advances dead in their tracks. Who's going to do the research if the government isn't willing to pay out the massive amounts of money it requires? No one.

Healthcare is one of the worst industries to nationalize. Highways are generally one of the best simply because all you really have to do is decide where they go and auction off the contract to build it.
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to be fair, healthcare DOES need something done with it. But nationalization isn't the answer.

not touching most of the other stuff going back and forth, there are some good points here and there on both sides... though personally i'll usually take anarcho-capitalism ala Rothbard
 
Nemesis999 said:
The current dinosaurs that run the show have waaaayyyy too many favours to repay and far too little interest in anything but the next election.
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Amen to that. Unfortunately the next crop of politicians in the lower levels aren't much better. There are very few Constitutionally-minded politicians in office. Maybe none.
 
Manaknight said:
to be fair, healthcare DOES need something done with it. But nationalization isn't the answer.
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I'll agree with that, but on the other hand, it could be worse. You could have the Canadian 2-tier system. The masses get the over-funded under-performing public healthcare, the wealthy travel to the US. :D
 
Such is life, either you're on the bottom getting screwed or on top doing the screwing.
 
Sounds like someone wants to be the next secretary of the treasury. This should move him up the list.
 
Chipotle said:
Sounds like someone wants to be the next secretary of the treasury. This should move him up the list.
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Unfortunately I pay my taxes and as such am unqualified.

Geithner on the other hand is qualified, but apparently thinks inflating the hell out of the dollar is a good next step. Lets just make another trillion dollars out of thin air and pretend it's not going to result in a whole lot of inflation! :rolleyes: Inflation-protected bonds are sounding good right about now.
 
Yeah, lets break up the government. I mean people have done it in the past and those were just swell times! Some of these "answers" in the thread come from people with too many privileges.
 
Dreaz said:
Yeah, lets break up the government. I mean people have done it in the past and those were just swell times! Some of these "answers" in the thread come from people with too many privileges.
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Oh the irony of your statement.
 
el_jackhole said:
I'm not so sure Schmidt is being hypocritical here. Google employs 20,000 employees and has assets totaling ~$30 billion.

General Electric, which is truly an example of a company that "can't fail," employs 320,000 people and has assets totaling $800 billion.

As of 2008, AIG employed 118,000 people and had assets worth $860 billion.

It is not about the providing of a service: capitalism's strength is its ability to replace defunct service quickly and efficiently. Given a year or two, the money that poured into other search engines if Google went tits up would result in the improvement of thoses services to near-Google levels.

It is about the destruction of wealth that is the concern. Capitalism cannot function with loss of capital. A company the size of AIG or GE drowning destroys a tremendous amount of capital spread out among employees and shareholders, which drags down the system.
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But just like google/yahoo/msn, GE, AIG and these other big companies aren't the only fish in the pond.
AIG fails, other companies will swoop in and buy up the assets at firesale prices, increasing those companies bottom line.
GE goes out, there are other companies that can take over GE's responisbilities.
Sure some people will loose money, but that's the gamble they took when they invested.
This whole bail-out thing is cementing into our current young generation that has already been told there are no loosers, that really there are no loosers. We don't keep score in t-ball games, and now if you screw up and run your company into the ground, the government will bail you out.
 
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