I understand that. But the point is that companies are going to try and solidify their existing base rather than try to expand, and it's going to bankrupt them, same as it did the auto companies.
You know why the auto companies are going bankrupt? They were too fucking stupid to realize a 2008 line of SUVs that got 13mpg was not going to work.
Well said, Hummer & SUV sales are way down. This is a more of an example of a bad R&D campaign than anything else. The automakers should know that consumers are looking for fuel economy and because they didn't react to what the market wants, their bottom line is hit.
+1 free market
The energy companies are the same, but regional monopoly style. We don't have a *choice* for energy companies(at least I sure as shit don't) so they do whatever the hell they want. Factor in their self-interest in having short-term profits, and the whole mother fucker stagnates.
Choices in energy companies would be something we would all have in a unregulated free market. Perhaps we might pay the price short term, but in a few years reliable, clean & cheap energy (from multiple providers) would be knocking on our door.
-1 free market (short term)
+1 free market (long term)
Allan Greenspan actually said that the big mistake in his model was his belief that the companies were smart enough to fix themselves in the idea of long term self preservation. This economic downturn is a result of that stupidity.
Google is shooting themselves in the foot, or so AMs would have you believe. They are leaving a TON of money on the table by implementing QS and driving CPC prices way up for thin affiliate pages.
Why? To provide a better user experience.
Why would they do that instead of raking in the cash? The idea of longterm self preservation (ala Alan Greenspan's mistake).
Greenspan was not wrong in his ideals, only that short term corporate greed will outrank long term common sense profiting in many (not all) situations. All companies will not fall victim to this, only the ones that don't deserve their marketshare. Others will rise to the surface who provide a "better user experience" than their predicessors.
Another good example of longterm self preservation is BoA & Berkshire Hathaway ... they resisted the "profit now!" model that's currently killing so many banks & investment companies. Each saved their cash and bought out companies for pennies on the dollar. Users of these companies invested for longterm growth and not quick profit, each carved out their niche and are raking in millions as we speak.
+1 free market
Ordinarily I wouldn't be opposed to stupid companies bankrupting themselves(Yahoo comes to mind), but in these circumstances we can't deal with that economically. So I feel they may need to have themselves forced into change. Free market all you want, but I want electricity, and am not willing to sacrifice it so that we can re-test the automotive industry's failed decisions.
We can and will deal with companies bankrupting themselves when they don't listen to consumers. Bailing them out and regulating driving factors (fuel in this case) is only prolonging the inevidable.
It's not like we'll have to deal without electricity. It's a part of our daily life and if one of the monopolies that power our city fails, another will come to save the day. Guaranteed, free market or not.
By promoting totally unregulated, free market policies we are doing a great thing for our country's future. 0 barriers to market entry means we'll be having solar, wind, neuclear and more energy in our homes in the near future. This is what the consumer wants and someone will step up to the plate and make it happen if the gov't doesn't stand in the way.
Why? Because it's better for the user and a great for long term corporate stability.
There's a boatload of money in providing a good user experience, just ask Google now ... in 2014 ... and in 2034.
And just so you guys don't kid yourself, neither McCain or Obama is for free market as I believe it. Both are for big gov't and coporate greed. So hey, It looks like the law will be on your side either way Shady, just like it is on college kids voting. ... that doesn't make me wrong though