| > Private enterprise as whole is every bit as f'd up as the government. This is wrong. What's the basis for this comment/idea? I have founded and run multiple companies. I have worked for small, medium and large (8,000 employee) companies in various capacities. In a 30+ year career I could not name even one company that I would say fits your assertion at all. I am sure they exist. Yet, I am also sure they are an insignificant percentage of the total. There's a key difference between private enterprise and government: Failure kills. Again, except for corner cases or companies that exist due to government money (I don't include these in "private enterprise") entrepreneurship, private industry, capitalism if you will, is a survival of the fittest contest. Like it or not, this is reality. Government operates with completely different metrics. Failure, for the most part, has no real consequences. A simple example of this is the "high speed" train project here in CA. I've lost track at this point. I think the last time I looked they were at $100BN and the whole thing is a massive smelly pile of manure. Nobody, except for taxpayers, will pay for the consequences of that failure...sadly, one of many at the hands of government. This crisis is highlighting just how messed up things are under government control. Last night my son, who is in university pursuing a degree in CS, said "Dad, do you know COBOL?". When I asked why, he said New Jersey is trying to hire a bunch of COBOL programmers because their payment systems are badly broken, the code is done in COBOL and it is in need of fixing so they can pay people the aid funds the federal government is providing. I mean, this is typical, sad and ridiculous. No, private enterprise is a universe away from almost anything government touches. The only service I can identify in government that lives (or dies) by similar metrics is the military. They have real and non-trivial consequences for incompetence. Death. And that means they can't run like a state payment system that's 40 years old and grossly outdated. I am sure the military have issues as well, yet, for the most part, given their mission, could not survive in the long run if they did not operate at a certain level of competency. |
I don't disagree with you about capitalism being survival of the fittest, or that companies should die. I don't think the US is a capitalist country though. We're living with corporate socialism.
I mean, look at the pandemic bailout. Nobody, except for taxpayers and employees, is paying for the failure of the airlines to operate responsibly. This is exactly the time every badly run company in the US should collapse and die, and it's not gonna happy. Restaurants, bars, small businesses, maybe some startups will crash and burn. But even private equity firms are getting bailed out.
This is not a one off. The same thing happened in 2008.
And it's weird to think only governments are running Cobol. What do you think the vast majority of hospitals are built on? Or things at IBM? It's the same problem.