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These special share classes that let the founders get all the money but lose none of the control sound like a continuation of what companies are trying to do wi
by lovich 9y ago
These special share classes that let the founders get all the money but lose none of the control sound like a continuation of what companies are trying to do with consumers. It seems like almost everyone is trying to say that you can only rent things anymore and no one owns shit.
It used to be if I bought electronics I could put whatever software I could get on there without the co oany fighting me, when you'd buy a tractor you could repair it yourself without needing an authorized tech, and when you bought a percentage of a company you got a vote commensurate to the percentage.
I understand the desire behind eating your cake and having it too, but I don't know why society and the government have decided that's a fine way for us all to live
- si33 9y agoIf Google was owned by Wall Street and Facebook was owned by Steve Bannon (Mercer) the world might be a different place. Everyone knows what happened to the Wright Brothers.
- lovich 9y agoWhat does it matter if they paid for it? I'm ranting more about the rent seeking that has permeated every aspect of our society than saying one oligarch is better than the other.
- tinus_hn 9y agoThe alternative is Google that went from "Don't do evil" to "Grab what you can". In the long run it isn't going to work but that is not what shareholders are after.