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That, in and of itself, is a bad idea. It's like giving a liver to an 80 year old drunk instead of a 10 year old child prodigy who suffered liver failure due to a car accident.
You have several companies that have relied on a legacy system of business, and in order to get out of the hole they're in, it's going to require some remarkable talent.
Like it or not, CEOs add a ton to a company.
Yet that's what the government is doing with these troubled companies. Executive management is a competitive world, and those who are very talented are fought over in bidding wars between companies. It is that talent these companies need, and that talent they have been told they will not get.
Originally posted by WyrdeOne
The talent doesn't magically appear - the 'talent' is responsible for getting them in this mess. ...
Originally posted by junglejake
It's like giving a liver to an 80 year old drunk instead of a 10 year old child prodigy who suffered liver failure due to a car accident.
Let's say there's a baseball player who has a hitting average of .732 and every third ball he hits is a home run. Not only that, but he's also an amazing pitcher who typically throws a no hitter. Amazing ball player. Two teams are trying to get him to play for them. One is offering a hundred million dollars a year, plus a $50G bonus for every game won and a $20G bonus for every home run. Another ball team who desperately needs him offers him $300,000 a year with no bonus. Why would the ball player elect to play for the second team?
Here is one definition of socialism that might fit our more specific needs:
Socialism does not mean government or state ownership. It does not mean a closed party-run system without democratic rights. Those things are the very opposite of socialism.
"Socialism," as the American Socialist Daniel De Leon defined it, "is that social system under which the necessaries of production are owned, controlled and administered by the people, for the people, and under which, accordingly, the cause of political and economic despotism having been abolished, class rule is at end. That is socialism, nothing short of that."
Originally posted by kozmo
Socialism has NEVER worked before! Why are people so dumb to believe that it will work now??? Failing companies deserve to fail! They are failing for a reason!
Originally posted by Hastobemoretolife
Lobbyist for these institutions have the politicians in their back pockets and have essentially manipulated the government into passing laws that benefit the corporations. That is corporatism. Which is what we have although it is secretive.