roc5955
Premium
join:2005-11-26
Rosendale, NY
 ·RoadRunner Cable
| reply to DaveNJ
Re: How big will the kick back be to the GOP.
said by DaveNJ  :said by roc5955 :Well if their stocks drop like a rock, than maybe the market just is not ready for satellite radio. If this was a REAL unregulated capitalist society, than the market would prevail, but this is just another form of corporate socialism, The government isn't giving sirius/XM any money. There are just merging operations. Companies merging is not socialism. Who said that the government was giving these companies money?
FYI: From Merriam-Webster online, the definition of socialism is: 1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods (or services)
(bold and parentheses are mine)
The government is, in this case advocating collective ownership of the entire satellite radio industry. By one corporation. By allowing them to do this, it is a form of socialism. If there was real competition in the marketplace, one or both would either sink or swim, without the need for the government to okay their monopoly.
And don't give me that stuff about it not being a monopoly. It is a monopoly of satellite radio broadcasting.
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"Understanding is a three-edged sword." |
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DaveNJ
No Fear
join:1999-09-01
New Jersey
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1 edit | reply to roc5955
said by roc5955 :Well if their stocks drop like a rock, than maybe the market just is not ready for satellite radio. If this was a REAL unregulated capitalist society, than the market would prevail, but this is just another form of corporate socialism, The government isn't giving sirius/XM any money. There are just merging operations. Companies merging is not socialism.
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“Say no to fear. Don’t let anxiety crush your life. Live life free and unfettered.”
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roc5955
Premium
join:2005-11-26
Rosendale, NY
·RoadRunner Cable
| reply to james
Well if their stocks drop like a rock, than maybe the market just is not ready for satellite radio. If this was a REAL unregulated capitalist society, than the market would prevail, but this is just another form of corporate socialism, wishing that the merger will make satellite radio survive. If the one company goes down, than there will be some truth that people do not want to pay for radio, when they can get it for free.
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"Understanding is a three-edged sword." |
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Dogfather
Premium
join:2007-12-26
Laguna Hills, CA
·Cox HSI
 ·Verizon FIOS
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 ·MegaPath
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2 edits | reply to Maggs
No they aren't responsible for world commerce. Only a tiny fraction of commerce is flown. The vast majority is done by ship and rail, especially with current fuel prices.
The reason the airlines do so poorly is because they keep getting bailed out. Other businesses are allowed to fail and better managed companies (eg Southwest) grow to fill the void.
And US airlines get subsidies because they have a powerful lobby, just like farming corporations, not because they're so pivotal to commerce. |
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Maggs
Premium
join:2002-11-29
Woodside, NY
·RCN CABLE
| reply to EPS
The airlines are responsible for WORLD commerce, if they go bankrupt our economy either slumps or collapses. That's why most governments heavily subsidize airlines. Buying a 747 costs $16 million, imagine buying 60 planes.
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NIL ILLEGITIMUS CARBORUNDUM! |
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Dogfather
Premium
join:2007-12-26
Laguna Hills, CA | reply to EPS
They get occasional gov't bailouts too. |
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wwdubbia
join:2002-06-03
Clinton, NY
| reply to EPS
said by EPS :That's true- the only companies allowed to lose money year after year for extended periods of time are the major airlines, and even they have to go bankrupt now and then. Don't forget General Motors. |
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EPS
join:2008-02-13
Hingham, MA | reply to james
That's true- the only companies allowed to lose money year after year for extended periods of time are the major airlines, and even they have to go bankrupt now and then. |
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james
join:2001-02-26
antarctica
| reply to ke4pym
That quote is exactly where I got that from. Both companies are bleeding money, it doesnt take a genius to figure out that if your company loses money each year it is in existence that's a bad thing. Investment capital isn't some unlimited money fountain.
The reason they will never admit they're going to be bankrupt without the merger is because if it doesnt go through, their stock will immediately drop like a rock while everyone scrambles to get out. No company is stupid enough to admit that it's doomed unless it wants to lose its investors. |
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ke4pym
join:2004-07-24
Charlotte, NC
·VOIPo
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| reply to james
said by james :Either the companies merge or they both go under. Where do you get that from? According to this:
»www.charlotte.com/463/story/671846.html
"Both companies have lost money each year since they launched their satellites, but have not said the merger was necessary to keep them afloat." |
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