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I’m not following. My original comment called for the nationalization of things that drain the entire economy. This implies said companies have already “won,”
by endisneigh 5y ago
I’m not following. My original comment called for the nationalization of things that drain the entire economy.
This implies said companies have already “won,” and that they’ve made (a lot of) money.
Your comment would make more sense if I was calling for the transitioning to communism.
Uber, for example wouldn’t be nationalized because its product type hasn’t become so pervasive that a majority of Americans use it. Debit cards and their ilk have.
- jimkleiber 5y agoI believe a lot of times in the US, those companies become public utilities [0], which are publicly owned through stock (or privately owned)[1] but are highly regulated by the government and also I think exempt from laws prohibiting monopolies[2]. I'm not sure what's the process of a company going from a regular public company to a public utility though. [0]: https://en.wikipedia.org/wiki/Public_utility https://en.wikipedia.org/wiki/Public_utility [1]: https://marketrealist.com/p/are-utility-companies-public-or-private/ https://marketrealist.com/p/are-utility-companies-public-or-... [2]: https://www.law.cornell.edu/wex/public_utility https://www.law.cornell.edu/wex/public_utility
- rkk3 5y ago> the nationalization of things that drain the entire economy. Not sure how you would draw this line. Do we nationalize the apple/google app stores because they are taking 30% cuts? Or Visa/Mastercard/Stripe because they take a cut on every transaction?