The promise of Capitalism was, “Build a better mousetrap, and the world will beat a path to your doorstep.” However, when people build better mousetraps these days, the mousetrap market leader just buys them, ruins the product, and forces people back to using the sucky mousetraps that led to the better one in the first place. We desperately need a new era of trustbusting the robber barons.
Tag: Robber Barons
Bill Allowing Big Tech To Form “Techno-Governments” To Be Announced Today – The Debrief
Nevada Governor Steve Sisolak will be announcing legislation today that will allow major technology companies to effectively form techno-governments.
Gov. Sisolak first mentioned the proposal of creating “Innovation Zones” in Nevada during his State-of-the-State address on January 19. “New companies creating groundbreaking technologies can come to Nevada to develop their industries. This will be done without tax abatements or public financing.”
While the legislation wouldn’t provide subsidiaries or public funding, according to a draft of the Bill obtained by the Las Vegas Review-Journal, major technology firms would be granted authority to form their independent techno-governments within Nevada. “[They] would carry the same authority as a county, including the ability to impose taxes, form school districts and justice courts and provide government services, to name a few duties,” Las Vegas Review-Journal reports.
Source: Bill Allowing Big Tech To Form “Techno-Governments” To Be Announced Today – The Debrief
On the path of our regression from a representative republic to a modern fuedalism-by-oligarchy, apparently we’re traveling back past the robber-baron days of companies running entire towns, with private police and fire departments — and their requisite taxation — and perhaps even paying people in scrip for buying things in the company store.
And all of this is made possible by the magic of…
On eve of bankruptcy, U.S. firms shower execs with bonuses – Reuters
Source: On eve of bankruptcy, U.S. firms shower execs with bonuses – Reuters
Every time there’s a hiccup now, the government slathers a bunch of money all over all the current-crony companies, when the entire point of a corporation was to bear the risk of the market to reap the rewards of the profit. (Which they then hide in offshored shell companies.) Companies are running this country. We have a corporatocracy. Or maybe just a plain old plutocracy. The older I get, the more this sort of thing makes me nauseous. Let these companies fail, and give smaller companies a chance to get their foot in the door to take up the slack. No matter how much of a fan you may be of capitalism, you have to admit that the “market” is completely broken. Whatever it is we have at this point, it is NOT capitalism.