Current Events > Does the existence of multi billionaires make sense?

(+) Yeah! (+)

s0nicfan posted...

tell me who these people are in Europe? Why is it that all of their biggest companies are oil and auto companies? Where is their apple, or Facebook, or Microsoft, or Tesla, or Amazon? Why is the EU almost entirely devoid of innovation in the private sector?

Spotify, Nokia, and Mojang all come from Scandinavia.
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You guys forget that while amazon has made huge advancements in how we receive products, when they got too big they started putting a stranglehold on smaller online business and were/are to bleed themselves until these companies went out of business. One prime (pun intended) is daipers.com. Amazon tried to force daipers.com to use their warehouses for distributing product for a price but daipers.com refused. In response amazon undercut daipers.com so much that amazon bled hundreds of millions of dollars to just to slowly put daipers.com out of business.

While I'm all for competition as a consumer, these practices are pretty shitty. It's like what walmart was/is doing with small mom and pop businesses but in the digital age and much more widespread. One could argue digital darwinism but it comes to a point where an entity becomes too powerful and starts to consume all around it.

And when these entities become so massive that they start to control government, at which point do we start to care? Lets say they start taking care of the needs of the majority, why would we need a government at all? Would you want them merged into government? We as individuals have to consider which side of the spectrum we want to be in. More government control, more corporate control? Which master would you rather serve?
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MarqueeSeries posted...

I think it's interesting that one of the default arguments whenever problems with capitalism are brought up is that people are "economically illiterate." Happens a lot when people talk about Bernie Sanders and his policies

It's not that people dont understand these things, it's that they think they're bullshit and need to change

"We're not economic illiterates!" says group who proudly supports price controls, wealth taxes, nationalization and anti-immigration policies.

Trust me I wish more people had a basic understanding of economics. Then Trump wouldn't be President. Then I wouldn't have to explain shit to berniebros on here only to have them lash out in anger when their dear leader is criticized.

Broseph_Stalin posted...

MarqueeSeries posted...

I think it's interesting that one of the default arguments whenever problems with capitalism are brought up is that people are "economically illiterate." Happens a lot when people talk about Bernie Sanders and his policies

It's not that people dont understand these things, it's that they think they're bullshit and need to change

"We're not economic illiterates!" says group who proudly supports price controls, wealth taxes, nationalization and anti-immigration policies.

Trust me I wish more people had a basic understanding of economics. Then Trump wouldn't be President. Then I wouldn't have to explain shit to berniebros on here only to have them lash out in anger when their dear leader is criticized.

you should consider engaging with the ideas presented by people you disagree with instead of dismissing them outright
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