On 4/11/10 10:25 AM, in article
jcOdnX2Be9FOdVzWnZ2dnUVZ firstname.lastname@example.org, "Grumpy AuContraire"
To be totally correct about it, Bell labs invented the transistor,
Geophysical Systems Inc. bought the rights to manufacture it from Bell labs
and renamed the company from GSI to Texas Instruments. Now, whether or not
Bell labs did the research with Govt. investment is a whole other question.
Back a zillion or so years ago, I did a couple of contracts for the
technical support (sub)contractor for the Safeguard R&D program on
Kwajalein. The project management was by Bell Labs and later I learned
that they were told that they had to do this because they were the only
entity that was capable of such a complex program.
Imagine that... The guv'ment actually telling a business entity that
they had to take a contract! And, it was up to Bell Labs to succeed
with a minimum of interference which certainly is not the case today.
The plus side is that since AT&T was in charge, benefits were good even
for us lowly subcontractors...
But mismanagment in the private sector is reflected in it's profits or lack
of such,and the managers are responsible to their board of directors and
stockholders.It tends to be self-correcting. Businesses that don't operate
efficiently tend to go out of business,or get bought up by others who turn
that business around or lose their investment.
Government is not that way,or at least has a FAR longer time for
corrections to take effect,if at all.It's extremely inefficient,and that's
a good thing,as long as gov't is kept small and unintrusive.
Well, not always (when they get bailed out by the taxpayer).
Which is certainly the case these days. There is so much guv'ment
intrusion on the private sector that true innovation is almost
non-existent. In fact innovation has been replaced with the zeal to
defeat the latest regulation with a new gimmick which in turn is in
nobody's best interest.
Pure horse excrement as far as the real world is concerned. You're
basically citing a textbook description of the private sector. Are you
familiar with ITT's philosophy? Or Citibank's CBS project (any other
computer people here who worked on the CBS project in its long life?)?
Huh, the entire House is up for election every 2 years along with 1/3 of
the Senate, and the Pres every 4. Modern corporate CEO's have no
downside risk and take home tons of $$$ whether the company does well or
not. Then there's always the golden parachute if the spam really hits
Speaking of "small and unintrusive (sic)", what would have the federal
gov't do and what would have it not do?
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