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In my (uneducated) opinion, the specific problem is that the people, through their governments, lose control over these large, global entities that affect their

In my (uneducated) opinion, the specific problem is that the people, through their governments, lose control over these large, global entities that affect their daily lives. When they get this big, there's no way to tax them and no way to punish them for wrongdoing - they could just move to a friendlier country, use loopholes, etc. Of course, thanks to various trade agreements, they will still have access to our markets... And the consumer can't always go elsewhere - there may be no viable competition, or that competition gets bought by the larger company for what is essentially pocket change. Too big to fail = too big to control

ersii 10y ago
I know it's not an too popular opinion here on HackerNews and I'd say you're sort of right, but you got it in reverse. The problem is not that it's hard to control or tax companies, the problem is that it's not as easy for you or me to do the same. You have to have significant resources to break free from local restraints, which is really unfortunate. It's also a lot of resources that gets spent, just so people or companies can do whatever they want with their own resources. In other words, it's possibly a loss of production - those resources could have gone elsewhere. Please be gentle, I'm open for discussing these things.
- radicsge 10y ago
  It's not that you cant get there, but indeed that they are out of control: they can remove money from an arbitrary economy and not necessarily put it back (see apple that sitting in an incredible amount of cache) => (they dont need to hire people locally.. at least not as much) => they -at the moment are- making poor countries/people even poorer, rich ones even richer => they have more and more power in less and less hands