Sad day? Yeah maybe if your a socialist. It is their network and they can choose to do with it what they please. Government needs to stay out of private business. Look how well they did when they took over amtrak. For that matter look how great GM is doing! They just posted a 4.3 billion quarterly loss. Let companies run themselves and let consumers decide where to spend their money. That is what a free market economy and capitalism is based on
Not g overnment oversight.
Schools, fire department, fda we don't need any of that useless junk, right?
Regardless, this is about so much more than money, it is about how our society will evolve and what kind of voice individuals or groups will have, freedom of expression, and actual influence / weight behind that expression
What planet are you living on? GM and for that matter the rest of the companies that caused the collapse ran themselves into the ground on their own greed and lack of government regulation, which actually would have prevented the problem, not precipitated it. Sure I would love to have a perfectly free market economy as well, but in reality we don't live in a utopian fantasy, the sad truth is many people are immoral and selfish, especially so once they have money and power...
Yeah it would be nice not to have a military and a police force and government, but it would be utter chaos if we had no rules, some people do not have much integrity unfortunately
Again good. They should have been allowed to FAIL and then go bankrupt which is actually a LEGAL business process. Instead good money was throw after bad trying to keep them afloat and they are still bleeding money. They should have been allowed to fail, go bankrupt, either restructure or be broken into pieces and sold off. In either case the company would have come out stronger.
A quick little anecdote for the doubting Thomas in people.
Robert Samuel McLaughlin worked in a partnership with his father making horse drawn carriages. The company was doing very well until the introduction of the first Ford motor car. His company began to lose money do to the introduction of the automobile and his interest peaked. He closed shop and began manufacturing the McLaughlin Buick. In 1915 he started McLaughlin Chevrolet and in 1918 sold to GM. So there you have it. A profitable company, went under, restructured and then became two of the flagship brands of GM.
I don't need to take classes for common sense. The free market system and capitalism has been working for a LONG time. It has only been recently, within the past 20 years or so, that it is failing. Coincidentally that is when the government started bailing out savings and loans, banks, car companies, airlines, etc... It's amazing how quickly we turn to someone for a handout instead of working, failing, redoing, failing, working some more and succeeding. You know something else? Success only comes before Work in the dictionary. Go figure?
Not to try and stereotype. You sound like a mid 20's recently out of college individual. Am I close?
This is like a messed up rom. Boot Loops all the way!