4 ms·
Right. Wealth and power are concentrated and do not need to be coordinated. Their individual actions and self-interests organically merge to maintain the state
by scruple 3y ago
Right. Wealth and power are concentrated and do not need to be coordinated. Their individual actions and self-interests organically merge to maintain the state of affairs that keeps them wealthy and in power.
- pydry 3y agoThey kind of do. If Facebook and Google suppress their wages and some other company poaches their best people the buying cartel could easily fall apart. OPEC suffered from exactly this problem quite early on. It only takes a few defectors of sufficient size.
- gtirloni 3y agoShareholders of those companies would demand they do the same.
- dclowd9901 3y agoAh yes, OPEC, that organization that is poor and enjoys no power whatsoever.