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On Tue, Oct 31, 2017 at 9:56 AM, Wols Lists <antlists@××××××××××××.uk> wrote: |
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> |
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> The reason British Telecom made obscene profits for YEARS after they |
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> privatised was because they inherited terrible infrastructure that cost |
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> a lot of money just to keep going. |
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> |
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A similar kind of system is the reason that Bell Labs made so many |
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inventions back in the day. The phone company worked on a cost-plus |
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model, so the more they spent on anything remotely telecom-related, |
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the more money they made. So they just did everything they can to |
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increase their costs. |
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At least something good came out of it in that case. Modern |
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businesses have gotten better at ensuring the graft goes to the |
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executives and owners without the risk of too much public benefit |
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trickling down, heaven forbid... |
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-- |
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Rich |