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It's not a bug, it's a feature. Corporations in Europe have to pay taxes and follow laws and stuff, don't they? They'll never get to be huge, hypertrophic and o
by rdiddly 5y ago
It's not a bug, it's a feature. Corporations in Europe have to pay taxes and follow laws and stuff, don't they? They'll never get to be huge, hypertrophic and out-of-control at that rate! This article talks as if having big corporations with big profits is the entire reason for life itself. In fact most people in America have to give up quite a lot, in order to enable such stellar gains for a few. I wouldn't chalk it up to any particular management brilliance, either; it's a "business friendly climate" shall we say. Meanwhile China accomplishes the same thing via active state repression. Nothing to emulate necessarily in either case.
- everyone 5y ago90% of HN users wont understand this. Wanna-be 'titans of industry', 'changing the world' one CRUD app at a time. Poorly educated and naive. They will swallow wholesale whatever new-age pseudoscientific bullshit or Reaganomics that is currently popular in silicon valley.
- oytis 5y ago> They'll never get to be huge, hypertrophic and out-of-control at that rate! Europe has enough out-of-control corporations, it's just hard to make a new one. Which means a) low social mobility b) economy gets rusty