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Daily Archives: May 20th, 2009

In his article Why Governments Can’t Run a Business Gordon raises many good issues, but Mr. Gordon here is a reminder and rebuttal to each of your points:

1. Governments are run by politicians, not businessmen.
Quite obviously I do not know how you would define businessmen. Remember, Worldcom, Enron, Arthur Andersen, Merrill Lynch, Morgan Stanley, AIG…

2. Politicians need headlines.
Using the examples above I can understand why businessmen don’t like headlines.

3. Governments use other people’s money.
How do banks get their funds?

4. Government does not tolerate competition.
Have you forgotten Standard Oil?

5. Government enterprises are almost always monopolies and thus do not face competition at all.
Oh wow, if cutting cost is alien to the culture of all bureaucracies, then private medical insurance must be free by now, right?

6. Successful corperations are run by benevelont despots.
Sorry, I forgot GM had over-looked 50 years of losing market share.

7. Government is regulated by government.
Have you forgotten what happened to Wall St in 2008 with minimal regulation?


My point is, blaming the other side either overtly or covertly, is not going to help America.

Benjamin T Solomon
Managing Principal
QuantumRisk LLC

Disclosure: I’m a capitalist too, and my musings & opinions on this blog are for informational/educational purposes and part of my efforts to learn from the mistakes of other people. Hope you do, too. These musings are not to be taken as financial advise, and are based on data that is assumed to be correct. Therefore, my opinions are subject to change without notice. This blog is not intended to either negate or advocate any persons, entity, product, services or political position.

This was sent to us by a university professor friend of ours:

Something to make you laugh while you are busy marking papers….These were some of the answers to a science paper –

Q: Name the four seasons.
A: Salt, pepper, mustard and vinegar.  

Q: How is dew formed?
A: The sun shines down on the leaves and makes them perspire. 

Q: How can you delay milk turning sour? (brilliant, love this!)
A: Keep it in the cow. 

Q: What happens to your body as you age?
A: When you get old, so do your bowels and you get intercontinental 

Q: What happens to a boy when he reaches puberty?
A: He says good-bye to his boyhood and looks forward to his adultery. 

Q: How are the main parts of the body categorized? ( e.g., abdomen)
A: The body is consisted into three parts — the brainium, the borax and the abdominal cavity. The brainium contains the brain; the borax contains the heart and lungs, and the abdominal cavity contains the five bowels A, E, I, O, and U.!  

Q: Give the meaning of the term “Caesarian Section.”
A: The Caesarian Section is a district in Rome .  

Q: What does the word “benign” mean?’
A: Benign is what you will be after you be eight.