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> These are trillion-dollar powered for-profit entities, with armies of lawyers and lobbyists that can intimidate medium sized countries. They will exploit ever

by rewmie 3y ago

> These are trillion-dollar powered for-profit entities, with armies of lawyers and lobbyists that can intimidate medium sized countries. They will exploit every weakness of incompetent, confused and captured regulatory/political systems. I don't think the need to exploit opportunities is exclusive to major corporations. We see this behavior and power grabs even in petty quarrels in small amateur organizations such as small businesses and homeowner associations. The tools change but the human traits that drive this behavior is always there. There is no toggle that turns on this behavior when assets surpass a certain level. > Because that's what they are legally obliged to do for their shareholders. I don't think they are "legally obliged" to anyone, or even "obliged" at all. Their leadership is driven to exploit the tools at their reach to meet their goals, and that's precisely what they do.

nologic01 3y ago
> I don't think the need to exploit opportunities is exclusive to major corporations we are not talking about small, medium or large corporations. we are talking about two entities that effectively control the entire fabric of digital society and the economy. and from which there is increasingly no opt-out. there was never so much concentration. never. > Their leadership is driven to exploit the tools at their reach to meet their goals Corporate management gets approved their remuneration from shareholders. If they don't deliver they get the boot.
- rewmie 3y ago
  > we are not talking about small, medium or large corporations. Doesn't matter. The point is that there is no threshold in a company's revenue where they start to exploit all tools and opportunities at their reach. Large corporations aren't any more inherently evil than your local gas pump or convenience store. > Corporate management gets approved their remuneration from shareholders. If they don't deliver they get the boot. That's not what happens in real life. There is far more to the CEO-Board-shareholders relationship than simplistic "they can give him the boot" take.

by rewmie 3y ago

nologic01 3y ago

> I don't think the need to exploit opportunities is exclusive to major corporations we are not talking about small, medium or large corporations. we are talking about two entities that effectively control the entire fabric of digital society and the economy. and from which there is increasingly no opt-out. there was never so much concentration. never. > Their leadership is driven to exploit the tools at their reach to meet their goals Corporate management gets approved their remuneration from shareholders. If they don't deliver they get the boot.

rewmie 3y ago
> we are not talking about small, medium or large corporations. Doesn't matter. The point is that there is no threshold in a company's revenue where they start to exploit all tools and opportunities at their reach. Large corporations aren't any more inherently evil than your local gas pump or convenience store. > Corporate management gets approved their remuneration from shareholders. If they don't deliver they get the boot. That's not what happens in real life. There is far more to the CEO-Board-shareholders relationship than simplistic "they can give him the boot" take.