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Who is being compared to the mafia? Outsized, international conglomerates, accountable only to shareholders or governments representing the public?
by paulryanrogers 4y ago
Who is being compared to the mafia? Outsized, international conglomerates, accountable only to shareholders or governments representing the public?
- cscurmudgeon 4y agoReally? If they were accountable only to shareholders would you even have the post here where they have to pay fines? Governments represent public. Sure. But they are slaves to other corporations https://reason.com/2021/02/18/everybodys-wrong-about-the-facebook-murdoch-standoff-in-australia/?amp https://reason.com/2021/02/18/everybodys-wrong-about-the-fac...
- paulryanrogers 4y agoThe problem appears to be that the fines are a wrist slap, so cost of doing business once entrenched. Regulatory capture is also a problem. I prefer governments with less corruption, debilitating fines, companies less powerful than nation states, and robust antitrust enforcement to maintain healthy competition.