3 ms·
I feel a bit bittersweet knowing that all this "stuff" is going on behind the scenes. - Massive companies swallowing smaller, more agile, potentially more comp
by scohesc 5y ago
I feel a bit bittersweet knowing that all this "stuff" is going on behind the scenes.
- Massive companies swallowing smaller, more agile, potentially more competitive companies like some uncaring amoeba allowing for massive silicon valley conglomerates like FAANG companies to influence public policy more and more in their favor, removing any sense of competition in a market, while politicians pad their wallets and purses on the side from "speaking fees" and cash handed under the counter.
- Being told that we're being told by every single media outlet that "inflation is transitory, it'll be over soon" - reminds me of the outright lie of "two weeks to stop the spread" while governments rushed to figure out what they were actually facing instead of being honest.
- Corporations moving to capture more industries that aren't even related to their original core business model to extract more value out of their users. Why does an e-commerce company like Amazon need to buy a fitness company like Peloton? Why does an advertising company like Google need to buy fitness companies like FitBit? Why did Jeff Bezos need to purchase Washington Post?
I'd say "why would society let this happen to us?" but really it's more "Yeah, we did this to ourselves". I'm really not sure what the answer is and I'm not sure if there is only one, or two, or any answer at all.
It's just depressing so I just ignore it until I hear about it again - maybe that's the problem?