- cross-posted to:
- brainworms@lemm.ee
- cross-posted to:
- brainworms@lemm.ee
There’s a strain of anti-anti-monopolist that insists that they’re not pro-monopoly – they’re just realists who understand that global gigacorporations are too big to fail, too big to jail, and that governments can’t hope to rein them in. Trying to regulate a tech giant, they say, is like trying to regulate the weather.
This ploy is cousins with Jay Rosen’s idea of “savvying,” defined as: “dismissing valid questions with the insider’s, ‘and this surprises you?’”
Apple has a trillion dollars in the bank.
Why would a company hoard up such an enormous pool of money? That couldn’t have been more prudently spent on R+D or whatever Apple does nowadays?
The only reason to horde wealth like that is to threaten nation(s). Apple can decide to sell off its trillion dollars and tank the entire global economy, great depression style.
They’re commiting economic terrorism and I won’t shed any tears if Tim Cook, the rest of the CSuite or any board members just end up disappearing. In my eyes thatd just make trhe world a better place.