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> That's what private companies are supposed to do though. Google is not a private company though. > The type of people working for Google will be the first t
by Eisenstein 3y ago
> That's what private companies are supposed to do though.
Google is not a private company though.
> The type of people working for Google will be the first to get hired when the economy picks up again
So instead of spending the time looking for a job, possibly relocating, settling down, getting used to a new workplace, etc, and staying there, they get to do all that and then do it again. This is not a trivial set of events to have to redo.
> if you really care about the impacts of boom and bust don't worry about what the private sector is doing
This makes zero sense.
> link
No thanks.
- mbork_pl 3y ago> Google is not a private company though. Well of course it is, isn't it? It's not state-owned, right?
- deleted 3y ago[deleted]
- tired_star_nrg 3y agoI think what they’re saying is that they are a publicly traded company, therefore not “private” (privately owned)
- dools 3y ago> Google is not a private company though. The distinction I’m making is between public sector and private sector, not privately held versus publicly traded >> if you really care about the impacts of boom and bust don't worry about what the private sector is doing > This makes zero sense. No it makes 3 sense. The private sector will always boom and bust. If you try to solve that with regulation you a) can’t and b) just make it harder for smaller businesses to compete. Only the government can offset the whimsy of the private sector and prevent the inevitable boom and bust cycles of private investment from destabilising society.
- deleted 3y ago[deleted]
- Eisenstein 3y agoI don't think you could have communicated your message less clearly in the original post.