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Comment by slphil

The economy is not a zero-sum game, nor are corporate profits. Increases in productive efficiency create objectively more wealth overall, and those benefits diffuse out to every socioeconomic class (the classic conservative snark that even poor people have cars, refrigerators, and air conditioning, living better than medieval kings in many ways, is not inaccurate). We are living in an era where megacorporations and their related efficiency gains will rapidly increase the "standard of living" for a population which is (nonetheless!) going to get more miserable over time.

Stepping past the "zero-sum" claim, though, I agree that corporations should take responsibility for their incredibly powerful role in modern society, but I don't see a mechanism by which this could happen. The entire point of a regulated liberal democracy is to create a legislative landscape which modifies the incentive structures of businesses to "coerce" them into providing more social benefit than cost.

There is also nothing wrong with some level of redistributism, as long as it doesn't blindly ignore economic reality (a la communism). Many of the right-leaning nerds here on HN are in favor of universal basic income for that reason.

parent slphil 7 years ago

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