These companies cost millions upon millions, if not even a few billion to start up. There are so many jobs in management, customer service, and a ton of utility work that has to be done. I mean, how can anyone expect these companies to open up from private citizens alone? They must need government intervention to start up. Thousands of people are employed just by one of these. They have their own salaries, and then let’s not forget the huge maintenance costs. It’s just tremendous. Then you need advertising and quick response to people when they have a problem. The cost to get such a project started shows that such a company will not start unless the government creates it. The barrier to entry is just far too high.
I speak, of course, about Las Vegas hotels and casinos. I mean, surely projects of this magnitude will not happen without government intervention.
No, I live in LA but I just visited my brother there this weekend. Interestingly enough, my dad left Cuba in 1970 because he was about to be drafted into the army. Looking at the skyline from my brother’s house, I thought to myself that if we can build these without government help (except for City Center which did get government funds), then why not utilities and transportation?
Yes, definitely. It amazes me that people believe you need billions of dollars to start a company. Henry Ford started in his garage, as did Steve Jobs and Steve Wozniak.