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The movement to run the government as a business is at the heart of a lot of these problems. Governments have a different risk model than a for profit business
by watertom 6y ago
The movement to run the government as a business is at the heart of a lot of these problems.
Governments have a different risk model than a for profit business.
For profit businessEs can’t in any way financially justify to it’s stock holders the spending of money to protect against something that might never happen.
I ran DR & BC for a very large global firm, I reported to the Board, and I can tell you these people thought I was insane, even to protect against things like fires.
“When was the last time you heard of a large office building having a major fire with more than a couple of casualties?” This was actually said to me when I was proposing to improve the company’s fire protection system. I got out voted and they “ saved” the money. They still haven’t had a fire, so as far as they are concerned I was stupid.
Electric companies are necessary so they know if something does go horribly wrong they get bailed out.