It's interesting how prescient some aspects of the cyberpunk literature genre are showing to be somewhat prescient. We do have organizations such as the formerly named Blackwater, so we do have corporate militias. They have not yet been used in takeovers, but I could see it happening.
I personally blame a lot of world problems on Wall Street greed and the demand for quarterly profits. There is not an infinite supply of money in the world, thus it is not possible to have constant profit. It appears that there is no thought to long-term profitability, just quarter-to-quarter. I think it was Warren Buffet who jokingly said that there should be a 100% tax on all stock gains for any executive who sells company stock within 5 years of their leaving said company to discourage this quarter-to-quarter strive for profits.
On today's Slashdot, there is an article about Novell being bought out by a venture capital company and a lot of people stating comments that Novell will be gone as a brand name in 3 years. Wisdom of the crowd prescience or just a bunch of people who don't know what they're talking about?
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timeasmymeasure
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Date: 2010-11-22 06:50 pm (UTC)I personally blame a lot of world problems on Wall Street greed and the demand for quarterly profits. There is not an infinite supply of money in the world, thus it is not possible to have constant profit. It appears that there is no thought to long-term profitability, just quarter-to-quarter. I think it was Warren Buffet who jokingly said that there should be a 100% tax on all stock gains for any executive who sells company stock within 5 years of their leaving said company to discourage this quarter-to-quarter strive for profits.
On today's Slashdot, there is an article about Novell being bought out by a venture capital company and a lot of people stating comments that Novell will be gone as a brand name in 3 years. Wisdom of the crowd prescience or just a bunch of people who don't know what they're talking about?