Then you would still have private equity firms fucking everyone over, but with even less regulatory oversight.
I think publicly traded companies should be nationalized under an independent and thoroughly-audited oversight body accountable to the taxpayers, and any profits generated should be distributed to fund public works, social services, welfare benefits, and civil sector orgs.
And the idea of infinite growth needs to be abandoned entirely. These major internet companies need to be viewed as a public utility, and their goal should be to provide stable, reliable, quality services rather than churn an endless profit. This can only be done after nationalizing them though.
We might be able to get the left-libs on board by using tax incentive structures and laws to make it way more attractive for big investors to seek steady profit levels, which would also reduce the necessity to nationalise companies. Windfall taxes are one way, where you take almost every piece of profit above a certain ceiling.
Obviously we should still nationalise natural monopolies like Amazon and Google. Internationalise them, even.
The old is new again with same bastards in suits. Just like the 19th century railroad craze which had some hedging their money but then lost the investment game.
I mean, I get it, servers cost money, traffic costs money.
But there’s a little gray zone between going broke and sucking out every cent possible. Isn’t making enough money enough?
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That’s the reason we should get rid of publicly traded companies.
Then you would still have private equity firms fucking everyone over, but with even less regulatory oversight.
I think publicly traded companies should be nationalized under an independent and thoroughly-audited oversight body accountable to the taxpayers, and any profits generated should be distributed to fund public works, social services, welfare benefits, and civil sector orgs.
And the idea of infinite growth needs to be abandoned entirely. These major internet companies need to be viewed as a public utility, and their goal should be to provide stable, reliable, quality services rather than churn an endless profit. This can only be done after nationalizing them though.
One step after another, and don’t look down.
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We might be able to get the left-libs on board by using tax incentive structures and laws to make it way more attractive for big investors to seek steady profit levels, which would also reduce the necessity to nationalise companies. Windfall taxes are one way, where you take almost every piece of profit above a certain ceiling.
Obviously we should still nationalise natural monopolies like Amazon and Google. Internationalise them, even.
Are you exaggerating with the “illegal not to provide value” part?
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I have no words besides “wtf”
The old is new again with same bastards in suits. Just like the 19th century railroad craze which had some hedging their money but then lost the investment game.
In the word of Jim Stephanie Stirling, “They don’t just want a lot of money. They want all the money.”
See, this is why I would suggest to switch to the post-scarsity model of Star Trek. Then they can have all the money, but it’s completely worthless.
Then why does quark charge latinum at the bar?
Because he’s not part of the Federation. All the people’s needs are met with replication technology.
When you’re a Trillion Dollar company, you don’t need MORE money. You make enough to make everything run without additional income.
But obviously a trillion dollars is still not enough. We need more.