logoalt Hacker News

sh34rlast Friday at 9:13 PM2 repliesview on HN

The Sherman Antitrust Act has outlawed abuses of monopsony power since 1890.

What we should really be asking is, why did we ever stop jailing wanton criminals like Scam Alt-Man?


Replies

lenerdenatorlast Friday at 10:02 PM

Simple: they create value for the right people. Namely, politicians who get their donations, and a generation that, despite not having enough children to grow the economy organically, doesn't want to work any... er... wants to retire.

Thus, they invest in retirement and pension funds, who in turn invest the money in businesses to earn a return. Since that return must increase constantly, and organic growth is no longer possible, you have to pull shenanigans as a businessman to meet the requirements of the shareholders, lest they kick you out of the plane with a golden parachute.

So we let them do those shenanigans and the politicians don't do anything about it.

show 1 reply
exasperaitedlast Friday at 11:30 PM

I find it fascinating that he's had the benefit of the doubt for soooo long.

This is the shitcoin-for-your-eyeball-scans guy; the guy who didn't tell the board of his own company that he controlled their startup fund through an alias.