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So how is this different than standard oil again? Not that I'm advocating breaking up the tech companies but it's no coincidence that the growth of the modern c
by blackflame7000 7y ago
So how is this different than standard oil again? Not that I'm advocating breaking up the tech companies but it's no coincidence that the growth of the modern conglomerate has also strongly correlated with income disparity. Instead of 5 CEOs and 25 VPs, you now have 1 CEO, 5 VPs, and 25 Junior VPs all being paid less because they no longer get the same share of the equity.
- damagednoob 7y agoFrom what I understand, Standard Oil used their dominance in the market to stifle competition and 'restrain trade'. Because Amazon is big doesn't necessarily mean they are doing these things. I would imagine they are being very careful not to fall foul of these laws, unlike Microsoft in 2001.
- blackflame7000 7y agoThere’s certainly a argument to be made on stifling competition if even Walmart has trouble keeping up. What hope do small to moderate regional retail stores have? All that regional wealth is sucked up online and redistributed to a few managers of mangers instead of actually making the communities better by allowing people to own a part of it. The biggest problem that’s causing income disparity is that people are consuming things rather than owning things.