5 ms·
If aramco is a company, so is the united states IMHO
by Talyen42 8y ago
If aramco is a company, so is the united states IMHO
- cphoover 8y agoRight... if we are counting nationalized entities it's not a fair comparison really.
- gcbw2 8y agoAnd where do you draw the line? Most US based telCos today are based on a government backed monopoly of wireless spectrum and all of them received several billions dollars until last year to improve infrastructure (which none of them did, and had zero consequences)
- dajohnson89 8y agosource please?
- coldtea 8y agoFor what? Both are widely known facts. https://en.wikipedia.org/wiki/Universal_Service_Fund https://en.wikipedia.org/wiki/Universal_Service_Fund https://www.wired.com/story/the-dangers-of-big-city-subsidies/ https://www.wired.com/story/the-dangers-of-big-city-subsidie... https://arstechnica.com/tech-policy/2018/08/isps-want-to-be-utilities-but-only-to-get-more-money-from-the-government/ https://arstechnica.com/tech-policy/2018/08/isps-want-to-be-...
- gcbw2 8y agohttps://www.reddit.com/r/explainlikeimfive/comments/6c5e97/eli5_how_were_isps_able_to_pocket_the_200_billion/ https://www.reddit.com/r/explainlikeimfive/comments/6c5e97/e... https://www.reddit.com/r/explainlikeimfive/comments/6c5e97/eli5_how_were_isps_able_to_pocket_the_200_billion/
- monochromatic 8y agoIf we're counting anything with a "government backed monopoly," then any company that owns a patent counts.
- est31 8y agoOr a trademark...
- maxerickson 8y agoYou know there are almost 3 nationwide LTE networks? What would you count as improving infrastructure? Or are you talking about subsidies to wireline business not resulting in enough fiber and such?
- _emacsomancer_ 8y agoSeveral companies, but yes.
- PKop 8y agoWe could then classify the exporting of Dollars as the 2nd most profitable "business" [0] "Last year, the United States exported $65.3 billion of its currency — mostly $100 bills." "Printing dollars, after all, is a very profitable business. Ranked by value, greenbacks finished second on the list of America’s most valuable export products, just behind refined petroleum. But exporting money is much more profitable. It costs the federal government around 14 cents to produce a $100 bill, and a few more cents to send it overseas. In exchange for each of those bills, the United States gets an interest-free loan of $100. At the end of 2018, foreign holdings of American currency totaled $773.9 billion." [0] https://www.nytimes.com/2019/03/09/opinion/sunday/money-dollar-100.html https://www.nytimes.com/2019/03/09/opinion/sunday/money-doll...