If your business is critical for modern human living, it should be non-profit. It should be guided by the best management plan of the time, debated and approved by the majority of shareholders. It should open its books and stay open.
Basically most natural monopolies (power, phone lines, roads etc) in most places were historically run by governments (because it’s bloody sensible) until the neoliberal movement in the 80s privatized them because ‘private enterprise is more efficient’ (at extracting tax dollars as it turned out) and to balance a few budgets.
Should definitely be ruled a failed experiment and rolled back.
If your business is critical for modern human living, it should be non-profit. It should be guided by the best management plan of the time, debated and approved by the majority of shareholders. It should open its books and stay open.
Really, it should be government.
May I introduce you to the concept of ‘natural monopoly’.
Basically most natural monopolies (power, phone lines, roads etc) in most places were historically run by governments (because it’s bloody sensible) until the neoliberal movement in the 80s privatized them because ‘private enterprise is more efficient’ (at extracting tax dollars as it turned out) and to balance a few budgets.
Should definitely be ruled a failed experiment and rolled back.
My power company is a co-op. They have long term contracts with various providers, so my power bill doesn’t fluctuate much on short term news.
At the end of every year, we get a dividend check in the mail for any excess profit.
Pretty sure all utilities should work that way.
“Non profit” “shareholders”. Pick one.
I assume they meant stakeholders…cuz like yo, that’s us!