3 ms·
FAANG+M are all machines of oppression, now. They are the cause of a less free press, a less free software ecosystem, and especially financial oppression which
by meltyness 4y ago
FAANG+M are all machines of oppression, now. They are the cause of a less free press, a less free software ecosystem, and especially financial oppression which they are most successful at - as enabled by decades of loose monetary policy and buybacks in dire need of regulatory controls.
A brief look at the economic circumstances of the "haves" and the physical circumstances of the have-nots across the West coast under the hard labor of the SF Fed will make this abundantly clear to basically anyone.
It's a place where every cause is an unbearable burden and simultaneously the only hope in perpetuity until hush gifts and roadblocks rain down from Capital wherever.
Further, their expenditures are why you've heard that Elon Musk is a "robber baron" when in reality it is these companies that are only investing in their own funny money while the quality of their products dwindle, and often fall catastrophically as they compete and muscle out the old guard rather than cooperating and improving things. Or even better collude and calcify investment in places where growth is truly needed, like the telecoma.