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(The Hill)   Private companies demand socialism   (thehill.com) divider line
    More: Weird, Joe Biden, Barack Obama, National security, Federal government of the United States, Vice President of the United States, United States Department of Homeland Security, Hillary Rodham Clinton, Cyber attacks  
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1824 clicks; posted to Politics » on 08 Jun 2021 at 3:00 PM (7 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



36 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-06-08 12:41:57 PM  
How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years. If a company thru a PAC, lobbyist, or executive have donated any money to republicans they should ask for a refund because they should never give a single dollar of public money because they hate democracy.

Looking at the debacle that is the private Texas electrical grid with nothing being done to solve the problems and instead republicans deciding fraud and illegal actions should be rewarded, now is not the time to trust private companies do to the right thing. Republicans and their enablers  are at heart evil anti American criminals and cannot be trusted with any public money.
 
2021-06-08 1:13:40 PM  
No.

How about this? Since you can't be bothered to be responsible (hurts your quarterly profits), how about we make laws to draconianly punish you when you fark up security.

Privatize the profits and socialize the loss, my ass.
 
2021-06-08 1:35:31 PM  
Alright, but they have to turn ownership of said companies over to the employees.
 
2021-06-08 1:46:27 PM  
The US Government already protects critical infrastructure at least by statute.  These companies, if they're not already receiving assistance due to their status as such, need to convince the government they qualify as such.  In which case, I think, they need to demonstrate the ways in which they 1) serve the public interest and 2) contribute to the welfare of the government they want protection provided by.  Not a lawyer, but quit whining if you're not going to play ball all the way.
 
2021-06-08 2:44:14 PM  
Sounds like your exec pay is too high for the job they're tasked with. Better lower it and use the excess funds to invest in a better IT guy or five.
 
2021-06-08 3:02:37 PM  
privatize the gains; socialize the losses


/DNRTFA
 
2021-06-08 3:06:41 PM  

Big Floppy Donkey Dick Nixon: privatize the gains; socialize the losses


/DNRTFA


Don't need to, that's exactly what these companies want and have been doing for years.
 
2021-06-08 3:07:14 PM  
If the infrastructure is critical to our society and the private industry that owns it cannot or will not properly maintain it, it should be nationalized for the common good.

Holds doubly true with the infrastructure in question was paid for by public money, and additional public money given to the private industries to maintain and improve it was instead spent on stock buy-backs and executive bonuses.
 
2021-06-08 3:08:12 PM  
Don't they already get enough?
 
2021-06-08 3:08:35 PM  

Big Floppy Donkey Dick Nixon: privatize the gains; socialize the losses


/DNRTFA


No you didn't.
 
2021-06-08 3:11:57 PM  
Gosh, managers have been ignoring doing anything about security for the last few decades, despite constant requests from knowledgeable people to do just that.  I have worked with several fortune 500 companies and every single one had nothing but idiot management when it came to security.

I hope they die, but they won't because those same idiot managers are claiming they never knew and need the feds to bail them out because of their stupidity, and morons in DC will hand out welfare to those queens so that they can give themselves fat bonuses for being such f*cking idiots.

Ransomware has been going on for years.  Those targeted companies deserve exactly what they created.  Their investors deserve to lose everything.

/yes, this is sore point for me
 
2021-06-08 3:13:03 PM  
They should chisel some money out of their golden parachutes and other perks for executives. Nobody needs more than 1 house. Or a yacht. Or a private plane.

Those are wants, not needs.
 
2021-06-08 3:14:51 PM  

GitOffaMyLawn: No.

How about this? Since you can't be bothered to be responsible (hurts your quarterly profits), how about we make laws to draconianly punish you when you fark up security.


Exactly this times infinity. I've been told by Republicans, Libertarians, and other "conservatives" my entire life that if your household budget doesn't include six months of reserve funding for catastrophes, then tough shiat - it's a matter of personal responsibility. 

But EVERY. SINGLE. TIME. these assholes has even a little hiccup in operations they're coming to Uncle Sam with their hands outstretched saying "Please sir, may I have some more?"

No. fark you. The only way you get that is after you A) Start paying thriving wages; B) Start paying your farking taxes; and C) Start building six months reserve funding into your budgets. Even when you do that it's still time to bust up anything remotely resembling "Too big to fail."
 
2021-06-08 3:15:47 PM  

PlaidJaguar: If the infrastructure is critical to our society and the private industry that owns it cannot or will not properly maintain it, it should be nationalized for the common good.

Holds doubly true with the infrastructure in question was paid for by public money, and additional public money given to the private industries to maintain and improve it was instead spent on stock buy-backs and executive bonuses.


That should be a part of any subsidies they might ever get.

"We need help!"
"OK, sure. How much money did you spend on bonuses and stock buybacks?"
"Well, uh, the thing is--"
"Gotcha. We're happy to help you when you actually need help. Until then, suck it."
 
2021-06-08 3:20:48 PM  
Funny how people are terrified of Uncle Sam and "Big Brother" watching over them, and then hand all their information and personal data over to a faceless corporation. Because they *certainly* have your best interests at heart and care so deeply about your privacy and personal information.
 
2021-06-08 3:23:33 PM  
"Bummer man we have to hire IT staff?  But I heard Internet is magic cost savings magic!  We better get government money right away rather than just hiring from our massive profits."

F 'em.
 
2021-06-08 3:25:07 PM  

HerptheDerp: Funny how people are terrified of Uncle Sam and "Big Brother" watching over them, and then hand all their information and personal data over to a faceless corporation. Because they *certainly* have your best interests at heart and care so deeply about your privacy and personal information.


I'm not saying this is a good position, but it seems that people are OK with it because of how the data is used. A corporation uses your information to make themselves money; the government uses it to imprison you. Few corporations are aiming to have their market base thrown in jail.
 
2021-06-08 3:29:36 PM  
Weird tag? Whar Obvious whar
 
2021-06-08 3:32:44 PM  

aleister_greynight: Big Floppy Donkey Dick Nixon: privatize the gains; socialize the losses


/DNRTFA

No you didn't.


Fark user imageView Full Size
 
2021-06-08 3:44:58 PM  

a flying monkey made me do it: The US Government already protects critical infrastructure at least by statute.  These companies, if they're not already receiving assistance due to their status as such, need to convince the government they qualify as such.  In which case, I think, they need to demonstrate the ways in which they 1) serve the public interest and 2) contribute to the welfare of the government they want protection provided by.  Not a lawyer, but quit whining if you're not going to play ball all the way.


I got a better one. If the infrastructure is so critical, why is it in the hands of private companies?
 
2021-06-08 4:03:57 PM  

Boudyro: a flying monkey made me do it: The US Government already protects critical infrastructure at least by statute.  These companies, if they're not already receiving assistance due to their status as such, need to convince the government they qualify as such.  In which case, I think, they need to demonstrate the ways in which they 1) serve the public interest and 2) contribute to the welfare of the government they want protection provided by.  Not a lawyer, but quit whining if you're not going to play ball all the way.

I got a better one. If the infrastructure is so critical, why is it in the hands of private companies?


Farking THIS. If something is so vital, it should not be in the hands of private companies. Private companies cut corners to maximize profit, which can have disastrous consequences (see also:: Texas freezing, Flint, MI and numerous other towns with lead in the water, wildfires in CA being started by poorly-maintained power lines, etc.). Cybersecurity is one of those areas where corners tend to be cut.

This kind of shiat is also why cryptocurrency should be banned, preferably globally; there's a damn good reason ransomware demands Bitcoin, even if they occasionally get caught. Never mind the damage crypto-mining does to the environment, or the shortages it has caused in the global tech supply chain, or the fact that it's FAR too unstable to be useful as an actual currency...
 
2021-06-08 4:15:44 PM  
Obvious tag broken?
 
2021-06-08 4:17:39 PM  
Heard a bit on NPR yesterday about some comments between business sector and federal involvement. They're gunna try spinning it in a way that gets a handout from tax payers, and will (likely) get all kinds of free tech for nothing.

What needs to happen is...

1) Identify mission critical infrastructure that rely on data streams (pipelines, water plants, power plants, etc)
2) New federal laws put into place as to exactly how those companies structure their tech
3) Listen to 'em biatch about cost.
4) Dissolve the companies that don't follow the law.
5) F*ck 'em, again for laughs

Closed loop data, people. There's no reason a power plant needs to have a computer sitting there on the internet, waiting for the janitor to download pr0n. Critical components should only be accessed by either A) On site at a terminal, or B) through a direct connection, not on the internet, not over wifi / satellite / etc. The tech is old as dirt.
 
2021-06-08 4:21:32 PM  

LordJiro: Private companies cut corners to maximize profit, which can have disastrous consequences (see also:: Texas freezing, Flint, MI and numerous other towns with lead in the water, wildfires in CA being started by poorly-maintained power lines, etc.).


Flint, Michigan was about the city owned water agency cutting corners, so bad example.
 
2021-06-08 4:33:40 PM  

Geotpf: LordJiro: Private companies cut corners to maximize profit, which can have disastrous consequences (see also:: Texas freezing, Flint, MI and numerous other towns with lead in the water, wildfires in CA being started by poorly-maintained power lines, etc.).

Flint, Michigan was about the city owned water agency cutting corners, so bad example.


My mistake. But it was run, at the time, by Republicans, so it's basically the same issue; they just cut corners to look "fiscally conservative" (and to direct that money to their own personal con-jobs), because Republicans think government should be run like a business.
 
2021-06-08 4:39:55 PM  
Socialize the costs
Privatize the benefits


How is this any different than the last 30 years?
 
2021-06-08 4:52:41 PM  

eurotrader: How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years. If a company thru a PAC, lobbyist, or executive have donated any money to republicans they should ask for a refund because they should never give a single dollar of public money because they hate democracy.

Looking at the debacle that is the private Texas electrical grid with nothing being done to solve the problems and instead republicans deciding fraud and illegal actions should be rewarded, now is not the time to trust private companies do to the right thing. Republicans and their enablers  are at heart evil anti American criminals and cannot be trusted with any public money.


Gee, who woulda thunk WIND TURBINES could freeze?!! Maybe we shouldn't rely on them. The FRAUD was the government MANDATING and subsidizing wind energy when it's inferior to other forms of energy generation.

"How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years" - What does this have to do with the price of tea in China?

Private companies should not be given tax payer money, PERIOD.  If you have private assets, protect them yourselves with your corporate money.  Eurotrader, you make things waaaay too complicated. No one is looking for your brand of morality.

BTW - it's not "public money". It's TAX PAYER dollars.
 
2021-06-08 5:03:27 PM  

Mensch: eurotrader: How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years. If a company thru a PAC, lobbyist, or executive have donated any money to republicans they should ask for a refund because they should never give a single dollar of public money because they hate democracy.

Looking at the debacle that is the private Texas electrical grid with nothing being done to solve the problems and instead republicans deciding fraud and illegal actions should be rewarded, now is not the time to trust private companies do to the right thing. Republicans and their enablers  are at heart evil anti American criminals and cannot be trusted with any public money.

Gee, who woulda thunk WIND TURBINES could freeze?!! Maybe we shouldn't rely on them. The FRAUD was the government MANDATING and subsidizing wind energy when it's inferior to other forms of energy generation.

"How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years" - What does this have to do with the price of tea in China?

Private companies should not be given tax payer money, PERIOD.  If you have private assets, protect them yourselves with your corporate money.  Eurotrader, you make things waaaay too complicated. No one is looking for your brand of morality.

BTW - it's not "public money". It's TAX PAYER dollars.


The primary culprit was the mass failure of nuclear, coal, and natural gas (or "thermal") power plants. At the peak of the blackout something like 27,000 megawatts of thermal capacity were offline - or nearly 40 percent of Texas's entire thermal capacity.
Wind exceeded its expected output, and solar was making up much of the electricity produced during the freeze.
The only city that did not have an issue during the deep cold was El Paso (connected to national grid) because the city does not use the idiotic setup of the rest of Texas.

BTW public money = tax payers funds
 
2021-06-08 5:16:45 PM  

eurotrader: Mensch: eurotrader: How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years. If a company thru a PAC, lobbyist, or executive have donated any money to republicans they should ask for a refund because they should never give a single dollar of public money because they hate democracy.

Looking at the debacle that is the private Texas electrical grid with nothing being done to solve the problems and instead republicans deciding fraud and illegal actions should be rewarded, now is not the time to trust private companies do to the right thing. Republicans and their enablers  are at heart evil anti American criminals and cannot be trusted with any public money.

Gee, who woulda thunk WIND TURBINES could freeze?!! Maybe we shouldn't rely on them. The FRAUD was the government MANDATING and subsidizing wind energy when it's inferior to other forms of energy generation.

"How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years" - What does this have to do with the price of tea in China?

Private companies should not be given tax payer money, PERIOD.  If you have private assets, protect them yourselves with your corporate money.  Eurotrader, you make things waaaay too complicated. No one is looking for your brand of morality.

BTW - it's not "public money". It's TAX PAYER dollars.

The primary culprit was the mass failure of nuclear, coal, and natural gas (or "thermal") power plants. At the peak of the blackout something like 27,000 megawatts of thermal capacity were offline - or nearly 40 percent of Texas's entire thermal capacity.
Wind exceeded its expected output, and solar was making up much of the electricity produced during the freeze.
The only city that did not have an issue during the deep cold was El Paso (connected to national grid) because the city does not use the idiotic setup of the ...


What book are you reading from?

"The changing Texas energy landscape has not helped the resiliency of the Texas gas and power system to endure cold weather.  As electric load has grown in Texas since 2010, gas and coal generation capacity combined has actually decreased by 2 GW while combined generation has remained flat.  Increases in ERCOT gas generation have been entirely offset by declines in coal generation through 2020 as shown above.  Additionally, wind is now the second largest fuel by capacity and generation in Texas.  While wind and solar generation have almost tripled since 2010, this has made ERCOT more susceptible to renewable intermittency. "

"https://btuanalytics.com/power-and-r​en​ewables/ercot-power-outage-post-mortem​/
 
2021-06-08 5:20:23 PM  

Mensch: Gee, who woulda thunk WIND TURBINES could freeze


Funnily enough, the wind turbines operating in the forking arctic circle don't have that problem

th.bing.comView Full Size


Shame Texans are too corrupt and/or incompetent to do anything right.
 
2021-06-08 5:22:21 PM  

Mensch: eurotrader: How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years. If a company thru a PAC, lobbyist, or executive have donated any money to republicans they should ask for a refund because they should never give a single dollar of public money because they hate democracy.

Looking at the debacle that is the private Texas electrical grid with nothing being done to solve the problems and instead republicans deciding fraud and illegal actions should be rewarded, now is not the time to trust private companies do to the right thing. Republicans and their enablers  are at heart evil anti American criminals and cannot be trusted with any public money.

Gee, who woulda thunk WIND TURBINES could freeze?!! Maybe we shouldn't rely on them. The FRAUD was the government MANDATING and subsidizing wind energy when it's inferior to other forms of energy generation.

"How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years" - What does this have to do with the price of tea in China?

Private companies should not be given tax payer money, PERIOD.  If you have private assets, protect them yourselves with your corporate money.  Eurotrader, you make things waaaay too complicated. No one is looking for your brand of morality.

BTW - it's not "public money". It's TAX PAYER dollars.


Wind turbines in much colder conditions than those found in the US somehow manage to not freeze.
 
2021-06-08 5:22:42 PM  
Isn't a shame everyone is moving out of donkey blue California and New York and heading for Texas and Florida?

Why is that???
 
2021-06-08 5:27:25 PM  

Mensch: eurotrader: Mensch: eurotrader: How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years. If a company thru a PAC, lobbyist, or executive have donated any money to republicans they should ask for a refund because they should never give a single dollar of public money because they hate democracy.

Looking at the debacle that is the private Texas electrical grid with nothing being done to solve the problems and instead republicans deciding fraud and illegal actions should be rewarded, now is not the time to trust private companies do to the right thing. Republicans and their enablers  are at heart evil anti American criminals and cannot be trusted with any public money.

Gee, who woulda thunk WIND TURBINES could freeze?!! Maybe we shouldn't rely on them. The FRAUD was the government MANDATING and subsidizing wind energy when it's inferior to other forms of energy generation.

"How many of the private companies wanting public money have publicly condemned the fascist anti American actions of republicans in the past 5 years" - What does this have to do with the price of tea in China?

Private companies should not be given tax payer money, PERIOD.  If you have private assets, protect them yourselves with your corporate money.  Eurotrader, you make things waaaay too complicated. No one is looking for your brand of morality.

BTW - it's not "public money". It's TAX PAYER dollars.

The primary culprit was the mass failure of nuclear, coal, and natural gas (or "thermal") power plants. At the peak of the blackout something like 27,000 megawatts of thermal capacity were offline - or nearly 40 percent of Texas's entire thermal capacity.
Wind exceeded its expected output, and solar was making up much of the electricity produced during the freeze.
The only city that did not have an issue during the deep cold was El Paso (connected to national grid) because the city does not use the idiotic ...


Pick one or look yourself. It is not dispute the cause was the failure of private for profit (NG and coal) power producers failed to take any actions recommended years ago to prevent failure.

Fact check: The causes for Texas' blackout go well beyond ...
Feb 19, 2021 - Misleading. The use of wind turbines in Texas does not appear to be the primary cause of statewide power outages amid historic cold weather. https://www.reuters.com/article/uk-fa​c​tcheck-texas-wind-turbines-explain/fac​t-check-the-causes-for-texas-blackout-​go-well-beyond-wind-turbines-idUSKBN2A​J2EI

What Caused the Blackouts in Texas? - The New York Times
May 3, 2021 - The bulk of the power loss in Texas came from natural gas suppliers, according to regulators, as pipelines froze, making it difficult for plants to get ... https://www.nytimes.com/2021/02/17/cl​i​mate/texas-blackouts-disinformation.ht​ml

Feb 16, 2021 - Failures across Texas' natural gas operations and supply chains due to extreme temperatures are the most significant cause of the power crisis ... https://www.texastribune.org/2021/02/​1​6/natural-gas-power-storm/

It was essentially a problem with natural gas, which is the state's primary energy source. But the result of that was the grid not being able to produce as much power when consumers demanded more of it. In short, the grid couldn't meet the demand. https://lowellcorp.com/what-caused-th​e​-texas-power-outage/

May 14, 2021 - Three of the biggest blackouts in Texas history, he points out, happened after equipment used to produce, process and transport gas failed in the https://www.kut.org/energy-environmen​t​/2021-05-14/months-after-the-texas-bla​ckouts-lawmakers-seem-unwilling-to-con​front-a-major-cause

Apr 6, 2021 - The primary cause of the massive loss of power generation during the Texas blackout in... https://www.houstonchronicle.com/busi​n​ess/energy/article/ERCOT-Blackout-prim​arily-caused-by-plants-16081267.php
 
2021-06-08 5:28:44 PM  
Just like in the 07-08 crash, I propose a new rule: The government will answer your company's pleas to be bailed out IF it's in the public's best interest. But the catch is that the entire board of directors has to be lined up against a wall in New York's Financial District and shot.
 
2021-06-08 7:52:26 PM  

GitOffaMyLawn: No.

How about this? Since you can't be bothered to be responsible (hurts your quarterly profits), how about we make laws to draconianly punish you when you fark up security.

Privatize the profits and socialize the loss, my ass.


How about a new tax, that must be paid, cannot be adjusted say 1% of total income for companies making over 1 million, that gets paid to the government to do it.
 
2021-06-08 8:09:46 PM  

ReaverZ: GitOffaMyLawn: No.

How about this? Since you can't be bothered to be responsible (hurts your quarterly profits), how about we make laws to draconianly punish you when you fark up security.

Privatize the profits and socialize the loss, my ass.

How about a new tax, that must be paid, cannot be adjusted say 1% of total income for companies making over 1 million, that gets paid to the government to do it.


The government is just now (as of June, 2021) getting around to enabling security audit and audit requirements for companies that are bidding on government contracts. The government is relying on third party auditors to perform the audits.

The audits (and requirements) are structured along the CMM (Capability Maturity Model) first developed for DARPA by Carnegie Mellon's Software Engineering Institute for software development.

Short answer: the government is not there yet - maybe in 2 years
 
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