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Perhaps I wasn't clear. Let me try again: When I think of firms not dependent upon nor beneficiaries of the government's largesse, the government's market man
by ataggart 16y ago
Perhaps I wasn't clear. Let me try again:
When I think of firms not dependent upon nor beneficiaries of the government's largesse, the government's market manipulation, and government's anti-competitive barrier raising, AT&T isn't what comes to mind.
And of course the firm's resistance to market forces is not binary, but rather proportional to how close the firm is to the government corpus. Fannie Mae and Freddie Mac more so than AT&T more so than Apple.
- ora600 16y agoSo I was hoping you will accept one of my other examples of companies with large numbers of bad employees that show no intention of going out of business any time soon. The cellphone market is highly regulated, but the large computer and software manufactures don't seem to depend on government manipulations.