The Humble Libertarian

Mind your business.

Sunday, December 18, 2011

Should The Fed Bail Out Blockbuster?

This week I arrived in my native Nashville, Tennessee after a year away from home traveling throughout this country and abroad. One thing that hasn’t changed about one of my favorite cities in the world is that I’m still allergic to it (*pops another antihistamine*). But quite a few things have changed in just one year. Sitting down to lunch with my family today, my father started asking me questions about Netflix and informed me that there isn’t a single Blockbuster store left in Nashville. They’ve all gone out of business and closed down. In the last year I’ve seen closed down Blockbuster locations all over the United States from Michigan to Virginia, so I wasn’t too surprised to hear that Nashville is now bereft of Blockbusters.

Now when Blockbuster first started, it was an incredibly innovative business concept. Its founder imitated a lot of the distribution and franchising models that made McDonald’s an international fast food success, but applied these to video rental stores. But as we’re all seeing, a business model that created so much value and became such a stellar success beginning in the 1980s, just doesn’t create enough value to remain competitive in the 2010s. It’s been killed off by more efficient and cost-effective business models like RedBox and Netflix, which create more value for their customers by providing cheaper video rentals with a lot more convenience. Yet Blockbuster’s destruction means its employees are losing their jobs and its investors are losing their profits. Should Blockbuster get a bail out?

Read the rest at The Silver Underground.

Wes Messamore,
Editor in Chief, THL
Articles | Author's Page
Read more Humble Libertarian articles...

The Response to Roy Moore Proves Politics Makes People Literally Insane

Sexist AF America Would Have Responded Very Differently
If A Female Senator Had 6 Ribs Broken

Louis CK's Trial By Social Media

All This Sunlight On Sexual Abuse Is Definitely A Good Thing...

100 Motivational Quotes For Work That Will Turn You Into a Raging Whirlwind of Limitless Productivity

This CNN Article About Fake News on Facebook Is The Definition of Fake News (and Clickbait)

8 Times Ron Paul Talked Trash and Busted Balls
Like a Savage

"Weiner Guy" Gets 21 Months in Jail!

Congresswoman Who Criticized Trump's Phone Call With The Soldier's Widow Is A Hypocrite

"We Need to Ensure Only Legal Workers Are Hired..." [NSFW]

Rich CEO Creeps of America: Please Contact Me. I Will Happily Watch You Shower for a Career Boost

"She" - The Relentless Gendering of Sexual Assault Victims as Female

Explaining Capitalism to an Alien

Bill Maher Just Made An Airtight Liberal Case Against Gun Control

ObamaCare and Health Insurance: The Worst Scam Ever [NSFW]

Trump and DACA

Can I Please Get a "Korean Lives Matter!" on Some Facebook and Twitter Feeds Right About Now?

What (Really) Happened (in memes)

100 Great Anti-War Quotes

Donald Trump Has Crossed The Line
From Entertaining to Dangerously
Out of Touch for Someone in His Position

Libertarianism, The Alt Right, and The Real Racists in Politics

An Open Letter to The White Supremacists

How to Stop a Blood Feud

Is The Eclipse A Message From God?

Capitalism's Characteristics: Why Capitalism Is Good

Law Professor: Congress Must Act On Sexbot Industry

Latest News on North Korea, a Libertarian Perspective

The Reason Why