alt Hacker NewsThose trillion dollar corps also employ millions of people in very high paying jobs. And the extraordinary stock returns have made their engineers (and countless public investors) wealthy across the past half century.
People wishing for the death of the mega corps, are directly wishing for the obliteration of millions of great jobs.
Replies
nbaksalyar • today at 10:17 AM
I’m not sure people are “wishing for the death” in the literal sense.
We just need to apply the antitrust law and break these trillion-dollar corps into smaller competing corps.
There’s no reason for a single company to provide your email, browser, search, operating system, entertainment, AI, etc.
How many of those jobs do you expect them to retain as they build increasingly capable models?
How much of the profit will be redistributed to all the artists, programmers, scientists, etc. whose works are the foundation of their product?
The poorest 50% of global citizens hold the same combined wealth as the top 10 individuals.
How are massive and increasingly concentrated corporate profits going to help them? (Or anyone else for that matter).