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Started By
Message
Silicon Valley's Tax-avoiding, Job-killing, Soul-sucking Machine
Posted on 3/15/18 at 9:14 am
Posted on 3/15/18 at 9:14 am
Long article but good read. Here's the TL:DR version:
And why should these tech companies be broken up? In short they stifle competition and competition is the basis for our capitalistic economic engine.
LINK
quote:
Four companies dominate our daily lives unlike any other in human history: Amazon, Apple, Facebook, and Google. We love our nifty phones and just-a-click-away services, but these behemoths enjoy unfettered economic domination and hoard riches on a scale not seen since the monopolies of the gilded age. The only logical conclusion? We must bust up big tech.
And why should these tech companies be broken up? In short they stifle competition and competition is the basis for our capitalistic economic engine.
quote:
Monopolies themselves aren’t always illegal, or even undesirable. Natural monopolies exist where it makes sense to have one firm achieve the requisite scale to invest and offer services at a reasonable price. But the tradeoff is heavy regulation. Florida Power & Light serves ten million people; its parent company, NextEra Energy, has a market cap of $72 billion. However, pricing and service standards are regulated by people who are fiduciaries for the public.
The Four, by contrast, have managed to preserve their monopoly-like powers without heavy regulation. I describe their power as “monopoly-like,” since, with the possible exception of Apple, they have not used their power to do the one thing that most economists would describe as the whole point of assembling a monopoly, which is to raise prices for consumers.
Nevertheless, the Four’s exploitation of our knee-jerk antipathy to big government has been so effective that it’s led most of us to forget that competition—no less than private property, wage labor, voluntary exchange, and a price system—is one of the indispensable cylinders of the capitalist engine. Their massive size and unchecked power have throttled competitive markets and kept the economy from doing its job—namely, to promote a vibrant middle class.
LINK
Posted on 3/15/18 at 9:34 am to GumboPot
These four companies also collude with government in providing information about their customers on a scale never seen before in American history, which the Snowden leaks demonstrated. I'm convinced these companies feign being progressive in order to pull the wool over the eyes of young people and those on the left, when in fact what they truly desire is a technocratic fascist state where big tech companies, combined with an Orwellian-like state, rule and control the population via mass information gathering and manipulation.
Posted on 3/15/18 at 9:37 am to GumboPot
Peter Thiel just gave a big FU to silicone valley recently.
Posted on 3/15/18 at 9:40 am to GumboPot
Time to resurrect this guy:
Posted on 3/15/18 at 9:41 am to GumboPot
Time to put Tech under the microscope. Connect the dots of how they crush competition, control the free flow of information and stifle Free Speech . It rivals the power of The State.
Posted on 3/15/18 at 9:54 am to GumboPot
It really is funny those companies consider themselves “progressive” when they themselves are the 1% and are creating abdsurds amount of wealth for themselves.
Posted on 3/15/18 at 9:56 am to GumboPot
Haven't read your article yet, just skimmed what you posted from it.
But I think this article may be confusing stock valuations with actual profits made.
Most of these outfits don't make money in an old fashioned sense, like they are the Acme Widget Company selling widgets with an average profit of 1$ per widget and they are selling lots.
Amazon is the most straightforward of these companies, and last time I checked actual operations weren't exactly stellar as far as direct profits go.
These guys are worth a lot because Wall Street says so.
That said virtually all of these companies... well they are Walmart. They pretty much do what Walmart did with crushing local vendors and merchants, but it's all cool because Tech.
The same people that busted nuts over Walmart destroying the "nature" of small towns, and who would not tolerate one in their SJW Snowflake Paradise (and all White, with some Asian sprinkles - Feature, not a Bug) are perfectly cool with on line retailers doing exactly the same thing.
Then we get to outfits like Uber which pretty much sidestep every kind of worker and union protection that the Democratic Party ever championed, and not a peep from these guys. Guess you have to be f&*king stupid to be a Democrat.
Christ, just try and start up an indie cab company in a major metro, particularly in the Northeast.
But these fatuous SJW's don't blink an eye at it.
Morons.
But I think this article may be confusing stock valuations with actual profits made.
Most of these outfits don't make money in an old fashioned sense, like they are the Acme Widget Company selling widgets with an average profit of 1$ per widget and they are selling lots.
Amazon is the most straightforward of these companies, and last time I checked actual operations weren't exactly stellar as far as direct profits go.
These guys are worth a lot because Wall Street says so.
That said virtually all of these companies... well they are Walmart. They pretty much do what Walmart did with crushing local vendors and merchants, but it's all cool because Tech.
The same people that busted nuts over Walmart destroying the "nature" of small towns, and who would not tolerate one in their SJW Snowflake Paradise (and all White, with some Asian sprinkles - Feature, not a Bug) are perfectly cool with on line retailers doing exactly the same thing.
Then we get to outfits like Uber which pretty much sidestep every kind of worker and union protection that the Democratic Party ever championed, and not a peep from these guys. Guess you have to be f&*king stupid to be a Democrat.
Christ, just try and start up an indie cab company in a major metro, particularly in the Northeast.
But these fatuous SJW's don't blink an eye at it.
Morons.
Posted on 3/15/18 at 9:57 am to GumboPot
Honestly if the founders of these companies weren't liberal dickwashers I'd say let them keep going but since they shill for the left they should be shut down and the higher ups go to prison
Posted on 3/15/18 at 10:00 am to GumboPot
Just checking in to see all the "capitalists" and "small government conservatives".
Posted on 3/15/18 at 10:07 am to el Gaucho
Gaucho makes the point of the OP more clearly and succinctly without any of the clutter bullshite
Posted on 3/15/18 at 10:07 am to GumboPot
The feds tried to break up Microsoft a few years ago but they're still around. These other companies will be fine.
Posted on 3/15/18 at 10:08 am to SCLibertarian
They will have to censor the internet to get away with it ....wait
Posted on 3/15/18 at 10:10 am to Green Chili Tiger
quote:
Just checking in to see all the "capitalists" and "small government conservatives".
Checking to see them "do what"?
Posted on 3/15/18 at 10:13 am to Y.A. Tittle
quote:
Checking to see them "do what"?
Call for the expansion of the government’s power over the free market while remaining oblivious to their hypocrisy.
Posted on 3/15/18 at 10:15 am to Esquire
quote:
Call for the expansion of the government’s power over the free market while remaining oblivious to their hypocrisy.
Is that what you see "all of them" doing here?
Which ones?
Posted on 3/15/18 at 10:15 am to Green Chili Tiger
quote:
Just checking in to see all the "capitalists" and "small government conservatives".
Us true conservatives support vigilante kangaroo courts for these sniveling cucks but we are forced to use the bloated government system to bring these traitors to justice
Posted on 3/15/18 at 10:19 am to Esquire
quote:
Call for the expansion of the government’s power over the free market while remaining oblivious to their hypocrisy.
Or pointing out that big business colluding with big government to control and/or monitor the population is a hallmark of soft fascism.
Posted on 3/15/18 at 10:21 am to el Gaucho
quote:
Honestly if the founders of these companies weren't liberal dickwashers I'd say let them keep going but since they shill for the left they should be shut down and the higher ups go to prison
Lmao I love you
Posted on 3/15/18 at 10:23 am to GumboPot
I clearly remember 100s of threads on this very board about how taxes are bad and that Trump is smart for avoiding taxes anyway he can.
This post was edited on 3/15/18 at 11:19 am
Posted on 3/15/18 at 10:24 am to GumboPot
I think this is precisely what Hawking’s last statement was about.
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