Google will always do evil
engadget.com
engadget.com
I can't get over how people on this website don't understand capitalism and its business practices. Is it that hard to grasp that an economic mode that is centered around the accumulation of capital engages in savage competition? That this savage competition exploits minds, throws consumers interests under the bus or can even start actual wars. Or that it's whole production process is centered around extracting value from exchanging goods, not quality, not usefulness, goodness, etc?
It's not that hard to grasp. We live it everyday.
Every-man-for-himself type situations can also foster savage competition. Individuals can be savagely competitive.
Capital rather enables anti-competition: eliminating the need to compete by eradicating competitors through monopolistic power, and gentlemen's agreements regarding pricing and territory.
Whenever two people pool their resources together to form the capital base for a business venture, they cease to be potential competitors. From that alone we can suspect that capitalism is more about savage accretion and acquisition rather than competition.
If it were necessary to give the briefest possible definition of imperialism we should have to say that imperialism is the monopoly stage of capitalism. Such a definition would include what is most important, for, on the one hand, finance capital is the bank capital of a few very big monopolist banks, merged with the capital of the monopolist associations of industrialists; and, on the other hand, the division of the world is the transition from a colonial policy which has extended without hindrance to territories unseized by any capitalist power, to a colonial policy of monopolist possession of the territory of the world, which has been completely divided up.
That's...not really true in any substantive sense. Capitalist imperialism co-developed with capitalism the whole time the latter was developing from pre-capitalist systems. The only way you can say either came later is if you artificially construct both as binary rather than continuous transitions and then draw the arbitrary binary line one each to make that ordering work.
It is, the human mind doesn't see reality as it is, see the science:
1) The people who own a publicly-traded company no longer own the social consequences of what that company does. Neither do the people who run that company. Neither do the people who actually control it.
2) The people who actually control a publicly-traded company, the board and large institutional investors, really representatives of investing as an institution, have one incentive structure, the stock price, which is driven by a balance sheet, which cares not a whit for your social consequences.
Say what you will about the bourgeois capitalism of Ford and Carnegie, they were men who invested in their country and their communities, and in their workers as well. Their ruthlessness was the ruthlessness of the powerful, but the managerial capitalism which replaced it carries the ruthlessness of the inhuman.
With capitalists controlling a countries production, society does not get better with the interests of the majority in mind. It fits capitals interests. That was true in 1870s as well as 2022.
>With ̶c̶a̶p̶i̶t̶a̶l̶i̶s̶t̶s̶ elites controlling a countries production, society does not get better with the interests of the majority in mind. It fits ̶c̶a̶p̶i̶t̶a̶l̶s̶ the ruling elite class's interests.
The rule of elite classes is an iron law in history. It long predates the development of banking in renaissance Italy. It will exist in whatever system you naively presuppose to overthrow it.
>And remember… don’t be evil, and if you see something that you think isn’t right – speak up! >Last updated September 25, 2020
so how did it look like before?