The Economy Is Not Comcastic > Current customers

said by Rickez:

Why can't these companies strive with current subscriptions to service?

said by jmn1207:

Any publicly traded company has to grow, or promise to grow, in order to gain investment dollars to support their business.

said by capitalist :

Free-market capitalism has nothing to do with our current economic situation.

said by kapil:

No?

Management of a company has a fiduciary responsibility to guarantee profits and appreciating stock prices....at the peril of everything else....employees, society, nation. A CEO can actually get in trouble if puts the environment, or employee well being above company profits.

The fundamental principal of capitalism is profit for investors. And investors seek growth. It's a catch 22....and one that's been killing this country.

The whole system is broken. The wretched investors who "demand profit" are pension funds and insurance companies...who need those profits to fund insurance payouts, retiree benefits and what not. So it's hard to place all the blame on them.

The management is doing what it was hired to do...turn a profit.

Employees just want a paycheck to pay off their 60" LCD TV.

...and consumers want to buy that damn 60" TV, even if they can't afford it.

The whole damn system has been rotting from the inside out for decades.

said by Fountainhead:

Im switching Comcast to Fios next week.

Better product, more services, cheaper rate.

No brainer.

said by kapil:

The whole damn system has been rotting from the inside out for decades.

said by kapil:

No?

Management of a company has a fiduciary responsibility to guarantee profits and appreciating stock prices....at the peril of everything else....employees, society, nation. A CEO can actually get in trouble if puts the environment, or employee well being above company profits.

The fundamental principal of capitalism is profit for investors. And investors seek growth. It's a catch 22....and one that's been killing this country.

The whole system is broken. The wretched investors who "demand profit" are pension funds and insurance companies...who need those profits to fund insurance payouts, retiree benefits and what not. So it's hard to place all the blame on them.

The management is doing what it was hired to do...turn a profit.

Employees just want a paycheck to pay off their 60" LCD TV.

...and consumers want to buy that damn 60" TV, even if they can't afford it.

The whole damn system has been rotting from the inside out for decades.

said by jayjay5:

The United States has long since abandoned capitalism. You can go back to 1913 or a bit later to Woodrow Wilson or Franklin Roosevelt to find blame as to why/when we abandoned capitalism.

said by kapil:

Aaah. Yes, The Ron Paul school of thought. Let's all go back to using the sesterce as currency! Also, there is no gold left at fort knox, and the U.S. should abandon the United Nations and all diplomatic missions across the globe and focus on making selfish greedy little libertarians at even more selfishly rich.

said by jayjay5:

You are changing the subject

said by kapil:

Capitalism requires ever growing sales of goods,

said by capitalist :

Free-market capitalism has nothing to do with our current economic situation. Crony-capitalism, mercantilism, and socialism are to blame.

said by NormanS:

I am told that the direction we are headed is not "socialism" (aka state ownership of the means of production), but "fascism" (aka state partnership with the private owners of the means of production).

said by sturmvogel:

If socialism would be involved, those crooks "managing" companies like AIG would be in jail. Failure to properly manage/purposefully running into the ground for personal gain a company belonging to the state (as in socialism) is a serious offense that would at least entail a long sentence in a labor camp.

said by jayjay5:

Socialism is involved right now. Corporate socialism, otherwise known as fascism is what we have now. The reason these 'crooks' aren't prosecuted is because it would expose the corruption in the highest levels of the federal government. Corporatism is a partnership. I say to you that this economic situation was artificially but intentionally created so there is no big desire to prosecute. Things are going according to plan.

said by OwlSaver:

So, while Comcast cannot grow forever, some other company can grow to take its place. Life goes on.

said by kapil:

Yes, in theory. But what really happens is that companies pay millions for marketing and lobbying and live well past their "fresh until" date, Terry Schiavo style. That's one hell of a bastardized and perverted way to practice capitalism.

said by jmn1207:

Any publicly traded company has to grow, or promise to grow, in order to gain investment dollars to support their business.

said by jayjay5:

Not true. If a company remains stable while others drop, then that is great. So no, you are right that growth is viewed as good, but if a company remains healthy in a recession or depression, their stock can go up a lot.

said by jmn1207:

How would any investor know that other stock options were going to drop without research? How many would opt for that purchase?

said by jmn1207:

Besides, how long can this business model last? It only works for Super God Planet Corporation. Are we destined for one single conglomerate that offers the lowest price and most convenience? I'm shopping for a gun.