Nothing on the LDS news wire that's hot, but there's plenty going on in the world. It's messy and getting messier. Here are a few thought-provoking links.
- Is GM the New Amtrak? Everyone seems strangely resigned about the government takeover of GM. I think it means that GM, which was once a very profitable corporation, will never make money again. But it will absorb large amounts of taxpayer money (i.e., my money and your money) for years and years. Wishful thinking is not an exit plan.
- A gut-wrenching reflection on the Tiller assassination, with blunt thoughts on Bonhoeffer. And forceps. Not for the fainthearted.
- North Korea. What can one say? The trial of the two US journalists was a sham and the details of their capture are obscure. It's just shakedown politics North Korea-style. The usual prescription of a speech and media cheerleading won't solve this one. This could drag on for months.
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Dave,
Can you give examples of government corporations that "never made money" outside of Amtrak (I only say this because Amtrak's business model and environment simply do not allow it to be profitable, requiring government subsidies to survive).
Dan, Europe is littered with such companies. The track record is thinner in the US only because state capitalism is so new to America (since Jan. 20, 2009). I'm sure we'll have a longer list by 2012. Like I said, if we don't, I'll be surprised but pleased.
Dave,
Please, I'm curious for specifics. You mention european companies. Which ones are not profitable?
I'm still curious for those examples Dave. If you can't find any, I understand.
You can read your own economic history, Dan. It's obvious we view things differently -- as for the outcome of Obama's move toward state capitalism, we can just wait a few years and see where it gets us. If GM and Chrysler return to private ownership and profitability, I'll be the first to cheer. If they turn into the next Amtrak, we'll all be the poorer for it.
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