4 ms·
Only the rich, rather than the market, were free in this apparently in any meaningful sense of the word, beyond the incidental outcomes. The US taxpayers who i
by seagullz 7y ago
Only the rich, rather than the market, were free in this apparently in any meaningful sense of the word, beyond the incidental outcomes.
The US taxpayers who invested trillions (largely in the guise of military expenses) in inventing the tech [1] didn't get to decide freely how the business to be conducted or how the profits to be shared. The Chinese workers (or similar ones elsewhere) didn't get to move freely to places for work with competitive wages.
The rich had the freedom to take the publicly funded tech, to exploit the confined sweatshops, all the while without even paying regular taxes that the ordinary Joe has no way to avoid [2].
[1] https://www.ineteconomics.org/perspectives/blog/what-the-steve-jobs-movie-wont-tell-you-about-apples-success https://www.ineteconomics.org/perspectives/blog/what-the-ste...
[2] https://www.washingtonpost.com/news/business/wp/2016/03/04/why-u-s-companies-wont-bring-2-4-trillion-in-foreign-profits-back-home/ https://www.washingtonpost.com/news/business/wp/2016/03/04/w...