Linked by Thom Holwerda on Tue 27th Jun 2017 18:43 UTC
In the News

There is something horrible about this little video. Why do the inhabitants of this suburban home require a recipe for pasta from a jar? Why can't they turn the lights down using their hands? If the ad were an episode of "Black Mirror", they would be clones living in a laboratory, attempting to follow the patterns of an outside world they've never seen. And yet the ad is not fantastical but descriptive. It's unsettling because it's an accurate portrayal of our new mail-order way of life, which Amazon has spent the past twenty-two years creating.

Eventually, governments all over the world will have to ask themselves the question: how big and powerful will we let corporations become? The more powerful they get, and the bigger and bigger the role of money in Washington DC and Brussels, the more I believe we have already reached the point where it's time to start breaking up some of the most powerful corporations - like the oil giants, like Apple, like Google, like Amazon, and so on.

These companies play such a huge role in the core foundations and functioning of our societies, that we have to start taking steps to break them up. We've done it before, and we need to start thinking about doing it again.

Corporations exist to serve society - not the other way around. If, due to their sheer size and power, they become a liability, they have outlived their usefulness.

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RE[2]: Comment by Novan_Leon
by acobar on Wed 28th Jun 2017 00:59 UTC in reply to "RE: Comment by Novan_Leon"
acobar
Member since:
2005-11-15

Many people dislike government, but it's important to recognize that government growth is byproduct of corporate greed.

It may have a correlation factor but it does not sum up as major cause in my view. In society, we have many powerful forces and every one of them try to increase its foothold. Politics is one of them and has been unashamed of extending its reach and done all kind of maneuvers to extend their reach, even creating difficulties to sell facilities later.

For America, the main problem is that the marketing around "the self-made man" and "unions are the problem" worked wonderfully. Now that founders of big factories are already gone (as also their really loyalty executives that cared for the companies) and that the technology and laws provide ways reduce the cost and enlarge the net result without too much concern, what is left? Management layers that will try to milky the companies as fast as possible with no worries about the future of the business they are in and even less regard to theirs collaborators, err, employees, err, costs. The imbalance is just too big.

The situation may improve some years from now, but I think we are going to watch a very disturbed time soon, like we saw on the end of eighties/beginning of last century.

the drive for corporate profits comes at the expense of society

I would like to remember a sentence emitted for no other than the celebrated Adam Smith about self-interest and competition:
"It is not from the benevolence (kindness) of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." .. "he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."

The problem is, the competition now is not inside a specific market the government has proper controls upon, nor do the employees have left important deterrent power, the management don't care about the future, the current and soon available technology will make people direct interference on productions of goods and sales obsolete and the interests of countries where the relationship between business and central governments are unhealthy, to say the least, we have a situation where all this is aligning to create a perfect storm to shake the American middle class boat.

Edited 2017-06-28 01:01 UTC

Reply Parent Score: 2

RE[3]: Comment by Novan_Leon
by Alfman on Wed 28th Jun 2017 01:58 in reply to "RE[2]: Comment by Novan_Leon"
Alfman Member since:
2011-01-28

acobar,

The problem is, the competition now is not inside a specific market the government has proper controls upon, nor do the employees have left important deterrent power, the management don't care about the future, the current and soon available technology will make people direct interference on productions of goods and sales obsolete and the interests of countries where the relationship between business and central governments are unhealthy, to say the least, we have a situation where all this is aligning to create a perfect storm to shake the American middle class boat.


Agreed. I think Adam Smith's philosophy is valid, but mostly holds true when certain assumptions are in place. Assumptions like healthy competition and balanced negotiating power. When the social or legal structures are so one sided, it becomes less of a negotiation and more of an ultimatum...I was going to post some examples like microsoft, etc, but I'm really too tired to keep going, haha.

Reply Parent Score: 2