Comment Google will walk away (Score 4, Insightful) 100
From the deal the second it becomes a burden to them, leaving both the company and the users holding the bag.
There’s a reason why critical infrastructure is run by boring, careful companies called “utilities” that are guaranteed a modest profit by the state but have legal obligations to follow extra rules that amount to not screwing their customers over, and providing service to anyone within a set geographical area. They hardly ever make the news. They never lose much money, but they don’t make much profit either. Their finances are enforced by law. If the state squeezes them too much, they go bust and the water/electricity/sewer services stop. If the companies demand too much profit, well, too bad, the state gives them access to critical infrastructure and that gives them a veto. The stable equilibrium is a boring stable company. Utilities are one of the few areas where socialism has truly been proven to be superior to capitalism.
Trust me, we do *not* want silicon valley tech-bro venture capitalist types like google poking their fingers into utilities. Its a bad idea. It will end badly.
There’s a reason why critical infrastructure is run by boring, careful companies called “utilities” that are guaranteed a modest profit by the state but have legal obligations to follow extra rules that amount to not screwing their customers over, and providing service to anyone within a set geographical area. They hardly ever make the news. They never lose much money, but they don’t make much profit either. Their finances are enforced by law. If the state squeezes them too much, they go bust and the water/electricity/sewer services stop. If the companies demand too much profit, well, too bad, the state gives them access to critical infrastructure and that gives them a veto. The stable equilibrium is a boring stable company. Utilities are one of the few areas where socialism has truly been proven to be superior to capitalism.
Trust me, we do *not* want silicon valley tech-bro venture capitalist types like google poking their fingers into utilities. Its a bad idea. It will end badly.