Obviously adriaticum , you failed to read the part where I mentioned "REGULATION" !!!
Ha, ha you're absolutely right, I didn't read it thoroughly because I was working. Multitasking , you know when you do a lot of things and none of them really good.
I do agree with your formula "Competition = success ............ Privatization = Competition" a little bit, but in the end it's not accurate math.
Competition more frequently equals failure, and Privatization is more and more equalling lack of competition.
Depends on perspective, I guess.
Look at our wireless industry, banking industry. They don't compete.
They have carved out territories for themselves and don't give a fiddle.
In other words you can become too big to allow competition.
As it is happening all over the world, 'Consolidation', big fish eating small fish and that is effectively destroying competition.
In terms of privatization as it pertains to competition, we are already all privatized, and that's ok. As long as anyone with an idea is allowed to start a business and make money, we are good.
The only problem is when governments interfere.
Like these coalition monkeys who are trying to throw billions of dollars of our money at a failed company like GM. And then there is no money in the budget to build roads, bridges, hospitals.
There is tonnes of money out there, let me repeat, there is tonnes of money out there.
It's just that you, and 30 million other customers, can't tell where its going because of complex financial structures of the government.
But you can bet its ending up in someone's pocket.
GM is garbage, it has been garbage for the last 2 decades and it will fail. People, high, at the head of that company have ruined it. Lets move on.
I'd rather spend 30 billion in re-educating GM employees so they can pursue other interest.
In terms of executive pay and bonuses, GM is doing great. Make no mistake about that.
We should help those affected by the recession, not those affecting the recession.
What caolition is doing is its telling GM you can be as stupid as you want and have bad business practises, as they do, and bad management, as they do, and bad cost structures, as they do, and not know what you are doing, as they don't, and be in a race where everyone is better than you, as is true, but because you are so big and have so many employees we will give you more money.
Is this a sound economic practise, or what?!
GM needs to fail, if common sense is to survive.
I am sick and tired of this blackmail.
If we keep propping these companies, we are setting ourselves up for retardation.
Back to my point.
Competition means nothing.
Money is the real driver. Money is the cause, competition is the effect.
Competition is something we all have innately built in. We compete even when we are told not to.
But as it is happening,
unlimited wealth is creating unlimited poverty.
GO HARPER!
Hold on to our money!