We all know of Google's success, but to what extent? What have they done with those billions in profits off of advertisements?
Here's one thing: buying an airport. In San Francisco, a Google subsidiary was selected to "renovate a federal airfield" which will be used for "personal flights of the Internet company's billionaire executives". Google agreed to renovate the 3 hangars and even upgrade a local golf course.
Now Google is a company, so obviously they are allowed to earn money --it isn't a crime. But I have a bone to pick with a company on three conditions: 1) they interfere with the government, 2)they eliminate competition, and 3) Moral issues. Competition and Moral issues (another story) shall be excluded for now, but let's chat government.
Adam Smith included a fact in his philosophy of capitalism that the government would be limited in its involvement of the market. It shall regulate but not control. The Google corporation is a private company out to earn a profit and it seems to me that it should stay away from a law making office. The U.S. government appears to trust Google, but no bond should be formed.
Reasons for this are what they could benefit from such a venture. It appears to have private uses, but could it also be used for mailing like their Google mail (different article). From an economic standpoint, they have outbid other businesses (which also wanted the airfield) and are using profits to make a constantly expanding array of things. The major fact is that they can do what they want with those. The U.S. is starting to use them like a crutch though , and I am pessimistic as to where that will lead.
I agree. It seems as if Google is getting a bit out of hand and is taking out all of its competitors. I had no idea that the government was so involved with the company. I would like to hear more about their business together in fact. Overall, I agree with your standpoint. The U.S. is using them as a "crutch" and our moral standing is falling apart.
ReplyDelete[NOTE TO VIEWERS]: the source for this article is off the same place as the previous, if any were wondering
ReplyDeleteI had no idea about this! I think government involvement is a sensitive subject, but I do think that forming a bond with a trusted and advanced company,such as google, could potentially have its own benefits as well. However, I do believe that certain limits and boundaries are a necessity in this situation
ReplyDeleteI think that the government's dependence on a company could lead to some serious complications because they could start interfering with the free market. Google's monopoly is growing to an extent that is far too powerful. I agree with you because a private business should remain private. If the government wants to have something like google, they should have their own and not cross the line into the free market.
ReplyDeleteI agree that it is dangerous to allow one company to have so much influence and power. It seems like Google is constantly buying out smaller companies to further its own projects. Monopolies like this generally do not bode well for consumers. As for government involvement, I agree with Adam Smith. It should be limited.
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