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Topic: Breaking up Bama: How to save college football?

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847badgerfan

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Re: Breaking up Bama: How to save college football?
« Reply #308 on: January 27, 2021, 08:17:38 AM »
They effed up their side of it, but the private sector likely won’t be doing everything right either. Maybe modestly more right, but in average, likely not a great bit more.

We are a fickle species, and our drives will be venal on all fronts.
I cannot speak for the entirety of the private sector, but I've never missed a payment, and I can't print money.

I'm thinking most others haven't either. The quickest way to be out of business is to skip payments to the government.
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MrNubbz

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Re: Breaking up Bama: How to save college football?
« Reply #309 on: January 27, 2021, 08:22:40 AM »
I'm an alcohol addict and I have a decent job

good enough job to pay for Budweiser, Johnny Black, Tito's and Bombay Sapphire
No Yuengling for you - 1 year
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OrangeAfroMan

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Re: Breaking up Bama: How to save college football?
« Reply #310 on: January 27, 2021, 09:15:49 AM »
The problem with the private sector (at least the big companies) is that every time there's a decision to be made between profits and ethics, profits always wins.  Even when the ethical route is chosen, it's because of long-term profits.  

Perpetual, quarterly growth is not sustainable.  
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bayareabadger

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Re: Breaking up Bama: How to save college football?
« Reply #311 on: January 27, 2021, 09:27:08 AM »
I cannot speak for the entirety of the private sector, but I've never missed a payment, and I can't print money.

I'm thinking most others haven't either. The quickest way to be out of business is to skip payments to the government.
Oh, I thought you meant in the grand scale with externalities, not just the accounting.

Then again, the failure rate of small businesses is super high, and sometimes big businesses fail, and they’re allowed to keep being because of the disruption their failure brings. It’s a weird world for sure. (And you with an honest and thriving small business that treats folks well represents the best of it, but alas not the widest swath of it)

847badgerfan

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Re: Breaking up Bama: How to save college football?
« Reply #312 on: January 27, 2021, 09:33:48 AM »
I agree about the failure rate. 

Most of the ones who failed (I know through the chamber and communities) did so as the result of issues with government - mostly due to regulatory issues.
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Cincydawg

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Re: Breaking up Bama: How to save college football?
« Reply #313 on: January 27, 2021, 09:44:12 AM »
The problem with the private sector (at least the big companies) is that every time there's a decision to be made between profits and ethics, profits always wins.  Even when the ethical route is chosen, it's because of long-term profits. 

Perpetual, quarterly growth is not sustainable. 
And you know this happens EVERY TIME how exactly?

EVERY TIME strikes me as a generalization.

And of course there are legal considerations.  Many companies show evidence of long term growth in sales at least annually.  If they contract it can be because of selling off a unit.  Companies exist to make a profit for their owners, so they do tend to focus on that.

847badgerfan

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Re: Breaking up Bama: How to save college football?
« Reply #314 on: January 27, 2021, 09:49:18 AM »
I don't know why this is so hard to understand, but a company that doesn't make a profit isn't long to be a company.

Companies are not public service organizations, sucking on the government tit.
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Cincydawg

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Re: Breaking up Bama: How to save college football?
« Reply #315 on: January 27, 2021, 09:58:57 AM »
There are of course nonprofit CORPORATIONS.  A for profit company is going to focus on making a profit, usually within the legal boundaries.  I'm not sure what ethical decisions have to do with it often as not given that ethics is a judgment.

Where I worked, for example, would not delve into the alcohol business, for one thing.  Was that ethics?  Or not?


MarqHusker

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Re: Breaking up Bama: How to save college football?
« Reply #316 on: January 27, 2021, 10:03:37 AM »
BTW, is anyone following this saga of reddit trying to take down hedge funds via GameStop stock?
Life imitating Art.   This isn't going to end well. 

847badgerfan

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Re: Breaking up Bama: How to save college football?
« Reply #317 on: January 27, 2021, 10:08:03 AM »
There are of course nonprofit CORPORATIONS.  A for profit company is going to focus on making a profit, usually within the legal boundaries.  I'm not sure what ethical decisions have to do with it often as not given that ethics is a judgment.

Where I worked, for example, would not delve into the alcohol business, for one thing.  Was that ethics?  Or not?


Many of those also suck on the government tit. There are some good ones, but mostly not. Many non-profits exist simply to line the pockets of their officers.
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MaximumSam

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Re: Breaking up Bama: How to save college football?
« Reply #318 on: January 27, 2021, 10:09:33 AM »
Life imitating Art.  This isn't going to end well.
The whole thing is somewhat hilarious, as hedge companies have lost billions due to a subreddit, though I'm not sure where it stops and Gamestop is still a mostly worthless company (albeit right now a highly valued worthless company).  

MaximumSam

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Re: Breaking up Bama: How to save college football?
« Reply #319 on: January 27, 2021, 10:10:35 AM »
Many of those also suck on the government tit. There are some good ones, but mostly not. Many non-profits exist simply to line the pockets of their officers.
Is there a functional difference between lining the pockets of the owners or of the officers?

847badgerfan

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Re: Breaking up Bama: How to save college football?
« Reply #320 on: January 27, 2021, 10:16:47 AM »
Is there a functional difference between lining the pockets of the owners or of the officers?
Of course there is. Think about it.
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MaximumSam

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Re: Breaking up Bama: How to save college football?
« Reply #321 on: January 27, 2021, 10:19:27 AM »
Of course there is. Think about it.
I mean - obviously owners want to make money.  But officers don't want their company to go out of business, and have a vested financial interest in keeping things afloat.  

 

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