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It is strange that corporations like Mozilla give me some communism flashbacks. In the communist times of Romania, the earnings were privatized (meaning that th
by johnnycerberus 6y ago
It is strange that corporations like Mozilla give me some communism flashbacks. In the communist times of Romania, the earnings were privatized (meaning that the party took all the profits and stored them abroad in fiscal paradises) while the losses were socialized and the party imposed austerity measures on the proletariat[1] because of their management failures. I draw a parallel between what happens with the raise of their executives salaries and the layoffs that affected the engineering department. Nassim Taleb wrote a good article about Corporate Socialism[2].
[1] https://en.wikipedia.org/wiki/1980s_austerity_policy_in_Romania https://en.wikipedia.org/wiki/1980s_austerity_policy_in_Roma...
[2] https://medium.com/incerto/corporate-socialism-the-government-is-bailing-out-investors-managers-not-you-3b31a67bff4a https://medium.com/incerto/corporate-socialism-the-governmen...