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> America needs better labor protection laws. Maybe so, although I don't know that Blue Origin is the best demonstration for the need. I doubt it's made a prof
by starspangled 2y ago
> America needs better labor protection laws.
Maybe so, although I don't know that Blue Origin is the best demonstration for the need. I doubt it's made a profit let alone returned investment. Bezos has supposedly been putting 1-2 billion into it every year, and CEO recently said it makes hundreds of millions per year.
> Every other day, I see drama like this that ripples across the globe.
What do you mean by ripples across the globe?
> Fed rate has improved, inflation is rising again, and the surrounding conditions resemble those of the ZIRP era—aside from the actual rate. Meanwhile, corporations are making more profit than ever. There should be policies in place to prevent them from pulling crap like this whenever they feel like it.
I don't think that's a good line to go down to basically say corporate profits in good times should be curtailed by forcing them to hold onto employees who are costing more than they make for the company. Because what do you do in bad times? Force the companies to go bankrupt, or weaken laws?
I think labor protection should be significantly or entirely divorced from corporate performance, and profit-taking that is wildly disproportionate to value provided should be addressed by mostly by promoting competition.
- chillingeffect 2y agoClearly with Musk running the country, BO's chance of getting contracts is zero. I heard a talk today(1) that pointed out that pre-Musk was given too much power and now we see from BO's demise why. Competition is now impossible. (1) https://youtu.be/z8Lrd8FM6mA https://youtu.be/z8Lrd8FM6mA
- oskarkk 2y agoBlue Origin was founded before SpaceX (in 2000). SpaceX launched their first small orbital rocket successfully in 2008, and is launching Falcon 9 since 2010. At that time Musk had no significant power and he was less wealthy than Bezos (and that was true until 2022 or something, SpaceX also makes up like half of Musk's wealth). SpaceX is in the position it's in because it's been delivering for the last 15 years. There is no "Blue Origin's demise", because they never really started delivering anything other than short up-and-down rides to the edge of space in the 25 years of their existence, until they're finally launched New Glenn last month. I believe that in the end they'll ramp up New Glenn and they'll have both commercial customers AND government customers - I don't believe Musk/Trump can/will really exclude any company from competing for government contracts. But competing with SpaceX is extremely hard, because in 2024 they launched more rockets than every other company/country in the world combined.