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If Google has the money and ostensibly pays for everything, then one of the perks for working for Google would be access to said company town. The problem start
by observationist 2y ago
If Google has the money and ostensibly pays for everything, then one of the perks for working for Google would be access to said company town. The problem starts when a person gets fired or quits.
Your family gets screwed not only by the loss of a job, but of a house, and corporations will engage in race to the bottom dynamics, so that a leadership generation or two after the wonderful company housing project gets implemented, you have soulless bureaucrats viciously enforcing arbitrary company guidelines and treating humans like so much excrement to be shoveled. Corporations need to be limited, not necessarily in their profits, but in how they're allowed to spend. Spending money to purchase and squash competition, to file egregious lawsuits on dubious IP claims, to acquire and merge and conglomerate ultimately results in the same sorts of non-human creatures ending up with most of the power over almost every aspect of human life.
These corporate entities own all the food, all the media, the platforms, the entertainment, the entertainers, the gadgets, the clothing, etc, etc, etc. It's not that capitalism is bad; it's not. It's that the particular set of rules we're playing by, especially in treating corporations like people, create toxic incentives and dissolute responsibility for acute harms. If you just forced all the corporate homeowners to divest all their properties, you'd be dooming tens of millions to poverty and blowing up the economy in general - they likely knew and intended to invest in something that is 100% critical to the functioning of society such that the government absolutely has no choice but to bail them out if they ever need it. Blackrock isn't doing this because houses are so lucrative and profitable. They're doing it because the consumers are a captive audience with no choice.
We've created these beasts and now we've got to live with them. Thanks, boomers.
- AStonesThrow 2y agoPessimistic aren't we