Re: Socialism (was extrosocialismpians-digest V7 #302)

From: John K Clark (jonkc@att.net)
Date: Thu Nov 07 2002 - 22:30:40 MST


"Charles Hixson" <charleshixsn@earthlink.net>

> Somehow I had been assuming that they would even start off with unequal
> amounts of stock. That's the way it worked on the Whalers, etc.

The one that got the largest share was the one who owned the ship and that
was usually not the Captain but men back on the land. And If I sold all my
stock to another employee would that mean I get fired? What happens to
my stock if I want to quit or retire?

But these questions are nothing compared to the big one that nobody has an
answer to. INTEL has about 80,000 employees, one state of the art
semiconductor foundry cost about 3 billion, that means every employee will
have to come up with more than $37,000 the next time they need a new one. In
four years the plant will be obsolete and they will need to do it again
except by then the price will be closer to 6 billion, and that's just one
plant, INTEL has many. Why do you think Silicon Valley didn't develop on
North Korea?

        John K Clark jonkc@att.net



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