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0 pointsthrow_m2393395y ago0 comments

> Billionaires can be held more accountable than government because they must continually compete for people's dollars.

I don't know what to answer that except that it's the quickest way to get a fascist regime that doesn't even try to hide it's fascist. Monopolies don't need to compete with people's dollars.

> Movements like the Chick-Fil-A boycott and #deletefacebook do hurt companies

None of these movements really hurt these respective companies.

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aeternum5y ago

We can and should break up monopolies, or structure taxes and regulations to be unfavorable to monopolies. Current government policies favor large corporations due to both tax incentives and regulatory capture.

Chick-Fil-A stopped donating to anti-LGBTQ groups. #deletefacebook did work but most users just switched to instagram so it had a minimal effect on revenue.

throw_m239339OP5y ago

> We can and should break up monopolies, or structure taxes and regulations to be unfavorable to monopolies. Current government policies favor large corporations due to both tax incentives and regulatory capture.

And putting unelected billionaires in charge is going to do exactly that? No.

> #deletefacebook did work but most users just switched to instagram so it had a minimal effect on revenue

No it didn't. Neither case the bottom line of both companies was impacted in any meaningful way.

aeternum5y ago

Putin was elected then used his power to remove term limits. President Xi did the same thing, and look at what Trump just tried.

It's important to have external checks to political power. It's pretty amazing that private companies (Twitter, FB, Stripe) were able to stand up to and effectively limit the power of the commander of the largest military on earth. That has almost never happened without bloodshed.

The US constitution is has worked pretty well, but it's just a document. History has not been kind to those nations that have centralized power by nationalizing companies. Doesn't that get us closer to fascism?

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aeternum5y ago

Chick-Fil-A stopped donating to anti-LGBTQ groups. #deletefacebook did work but most users just switched to instagram so it had a minimal effect on revenue.

throw_m239339OP5y ago

And putting unelected billionaires in charge is going to do exactly that? No.

> #deletefacebook did work but most users just switched to instagram so it had a minimal effect on revenue

No it didn't. Neither case the bottom line of both companies was impacted in any meaningful way.

aeternum5y ago

Putin was elected then used his power to remove term limits. President Xi did the same thing, and look at what Trump just tried.

j / k navigate · click thread line to collapse