1193
The Bezos way.
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Aug 2023
1193 points (96.3% liked)
Memes
45180 readers
1602 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
What you said is not wrong. Each economic lever is a negotiation with sentiments. The government could impose more stringent regulations. I believe it has to with regard to monopoly-busting and possibly doing some salary-policing, but I don’t feel that the system should be thrown out. It has spawned countless innovations by providing the incentive that people can be rewarded handsomely for their creativity and entrepreneurship. If you don’t like corruption, vote it out.
There's another fallacy: equating innovation with incentive and incentive with money.
People will innovate for countless other reasons than financial compensation, the main reason being to improve the lives of themselves and others.
The inventors of synthesised insulin sold the patent to a public university for $1 because they never wanted anyone to die because they couldn't afford it. Predatorily capitalist big pharma sure put an end to THAT dream.
And voting out corruption is a good idea in principle, but in a two party (actually two private corporations masquerading as political parties) system that's as corrupt as the American one, it's very rare that you're even ALLOWED to vote for anyone who's not bought and paid for by billionaires and their corporations.