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That's the beauty of private ownership - the owner can derive use-value in any way they wish. A private owner could fire everyone, close up shop, and still be p
by kelseyfrog 4y ago
That's the beauty of private ownership - the owner can derive use-value in any way they wish. A private owner could fire everyone, close up shop, and still be perfectly inline with the use-value they expected to achieve with their purchase. That's market realism in action. Who are we to say what's good or bad of it. That's what the market is for - to transmute money into value and vice versa.
- rchaud 4y agoSpaceX is private and is dependent on government contracts that come with numerous strings attached. Similarly, Musk at Twitter is beholden to the big boys that actually put up the majority financing for this absurd purchase. He cannot just do whatever he wants, only what his consortium will be on board with.
- kelseyfrog 4y agoThat's a fair point. I had Musk in mind when I wrote my response, but the same holds true for any private owners including the financiers.
- krainboltgreene 4y ago> That's market realism in action. Who are we to say what's good or bad of it. Narrator: We actually have a lot authority in saying what's good or bad via laws we've codified concerning this exact thing.