Ep. 93: Nationalize All Of The Things
Amazon is fast approaching $1 trillion dollars in valuation. It's CEO makes $230,000 every minute. It's "disrupting" industries from retail to shipping with plans to "disrupt" banking to health insurance. Furthermore, it operates more or less as a planned economy. Google, Facebook, Apple, and other tech giants are so large that they are becoming monopolies, not to mention "too-big-to-fail." Many writers have discussed the possibility of "trustbusting"--breaking these giants up--but would that really solve the problem? In this episode, we propose, rather, that some measure of public ownership and public control would be a preferable option.
Silicon Valley BAD. http://www.latimes.com/books/la-ca-jc-world-without-mind-20170912-story.html