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by cj
2073 days ago
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> I still haven't seen the harm to the consumers. IMO the main problem is the existence of an institution that is (arguably) more powerful than any government in the world. That's not necessarily a problem on its own. It becomes a problem when those same institutions have a very small number of people with specially concocted classes of shares that give people like Zuckerberg majority control of the company despite owning < 30% of actual shares. I don't want to live in a world where 1 person can have such immense and unchecked power. Especially when that 1 person is immune from, for example, being removed as CEO. I'm not sure if it's still the case today, but I believe Sergy / Larry had 51%+ control of the company despite only owning ~10% of shares. |
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Which is why the US government has been collecting all the data they can from google. It's a perfect means to perform mass surveillance on everyone and google has no power to refuse to hand that data over or even to tell anyone about it.