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This is a good analysis. Personally, since somebody will inevitably have enormous power over my daily life anyway, I'd rather have it be corporations because th
by nickpp 5y ago
This is a good analysis. Personally, since somebody will inevitably have enormous power over my daily life anyway, I'd rather have it be corporations because they actually have to provide useful stuff to exist and the competition will keep them in check.
Unlike politicians whose first interest is getting elected and second getting reelected with any other concern at a huge distance away.
- unionpivo 5y agoAt the end of day power is power. Once a corporation has enough of it compared to local governments it might as well be "government like entity" themselves, or like in case of defense contractors (not just USA, look at Airbuss in EU, Ariane in France, NSO and others in Israel) where it's hard to draw a line where corporations end and government start. There are plenty of places with week governments in the world, where global multinationals are above the law (look at Africa, some south America). If corporations get big enough, this might start happening in more developed world as well. I perhaps notice it more because I live in small country (Slovenia) whose entire national budget is lower than any one of the FANG's. This is one of the reason I support EU despite it's many shortcomings.