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You are right, but regulatory sleight of hand is what passes for capitalism now. Remember Uber and Airbnb dodging regulations by calling themselves "ride-sharin
by rchaud 3y ago
You are right, but regulatory sleight of hand is what passes for capitalism now. Remember Uber and Airbnb dodging regulations by calling themselves "ride-sharing" and "room-sharing" services? Amazon dodging sales taxes because it didn't have a physical retail location? Companies going public via SPAC to dodge the scrutiny of a standard IPO?
- standardUser 3y agoThis is not new. Companies have always done everything they can legally, and sometimes illegally, to maximize profit. If we ever expect otherwise shame on us.
- rchaud 3y agoIt might not be new, but the growth rate of such shenanigans across all aspects of our economy isn't exactly a positive indicator.
- standardUser 3y agoSame as it ever was imho. Better in some ways compared to previous eras when companies faced far, far fewer regulations.