3 ms·
A lot of the great things that were achieved were done by companies. Some bad things as well. Companies (and I guess capitalism) is a great system. But it need
by YZF 1y ago
A lot of the great things that were achieved were done by companies. Some bad things as well.
Companies (and I guess capitalism) is a great system. But it needs to have checks and balances. The problem isn't the idea of a company. The problem is companies with so much influence that the historical checks and balances do not work any more. The Internet, which was a public resource, is how those companies got to be so influential.
If we look at the Amazon example most of the issues could be solved via regulation. The company can be broken up. There can be laws that govern its behaviour (like extending consumer protection laws to cover newer situations). The problem is that where in the past law makers were less "afraid" to take on businesses now they are. Especially in the US where money talks and companies spend large amounts influencing policy makers. This is by the way not a partisan issue, it's a systemic issue.
EDIT: Maybe a precursor, or another variation, of some of this was allowing companies that had a business model of "circumventing" the law to operate (Uber, Airbnb etc.). Being a taxi without requiring a taxi fee, being a hotel without the requirements of a hotel etc. If this is our innovation then it shouldn't be a surprise when more laws are bent and worked around.