|
|
|
|
|
by armchairhacker
973 days ago
|
|
This is true: the services companies like Amazon provide are worth more than 60,000 lifetimes of money could provide without them. The question is: how many other people, with the wealth Jeff Bezos had when he was younger, would be able to create something like Amazon? The reason he did and not someone else, how much of that was a combination of opportunity and luck? Capitalism is a fine system, but extremes like this are a problem. And the fact that once companies get big enough, they can start to become inefficient and worse (in price + quality), because they get benefits like lobbying and owning the entire production process which potential competitors don’t. |
|