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Google Considered Too Big To Fail
theodp writes "Doc Searls is worried about the way Google makes money. 'Nearly all of it comes from advertising,' he frets. 'That's what pays for all the infrastructure Google is giving to the rest of us. As our dependency on Google verges on the absolute, this should be a concern.' Have we reched Peak Advertising? Blogger Dave Winer says amen, asking if Google is already 'too big to fail.'"
If you are that dependent on Google's "free" services, maybe you and they should start paying for them. Google does have a sales force where its "free" offerings are made available to enterprises with some additional bells and whistles and guarantees.
This is my sig.
>>>the massive amounts of people it employed that would have lost their jobs.
And been hired by Ford, which is expanding. There was no need to bail-out GM, which should have been allowed to fail. (One less car company would be good, plus their cars weren't worth buying anyway. Let GM go to the same grave as Tribant.)
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
can't even begin to comprehend what could you possibly mean by that
He's a bit of an uncouth coarse pig who can't get his point across in a level-headed fashion, but nevertheless he's correct. He's not talking about the Great Depression, he's talking about this:
http://en.wikipedia.org/wiki/Depression_of_1920%E2%80%9321
What I don't understand is why the Congresscritters ignored the People. The phones in Washington were overloaded with voters saying, "Vote NO on the TARP bailout bill," and although the Republicans initially held firm to block the Democrats..... on the second go-around even the Republican ignored their constituents.
Traitors all. The Democratic Republic does not exist if the representatives ignore the people they supposedly speak for.
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
Your comment makes absolute sense if "By fall 1921 the depression was over." held true, but I can't even begin to comprehend what could you possibly mean by that. The Black Friday happened in October 1929
Son... come over here. Allow me to give you some advice as your elder. People may look at you and believe you are stupid. But it's only a belief. Be wise and don't open your mouth and prove them right. - As you did today. Now then.....
The United States has had many recessions and depressions, not just one. I was speaking of the Depression of 1920, which was deep and very damaging but only lasted a little over one year, and ended by fall 1921. The reason why it ended so quickly is because the government didn't do anything, and simply allowed businesses to fail.
Then the businessmen picked-over the carcasses of the dead businesses, consolidated, and rebuilt the economy. The result was known as the Roaring 20s, a period when unemployment dropped below 2% - lower than any other time in history.
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall