Amazon/Alibaba is making money pulling millions of chinese people out of poverty. The inequality equation is the same as normal, we're just not the focus of economic production at the moment. Comparing a normal western job to a chinese wage & lifestyle makes us look like the 1%. Comparing the average westerner who sells to 10k customers to bezos who sells to hundreds of millions makes him look like the bourgeoisie.
Technology and orgs always outpace regulation. The government is terrified of front-running business. It can't, the point of being a king is to control resources for the sake of generating prosperity. It can't then go and do all the work and be on the bleeding edge as well, it pays people to do that.
For all the control the tech companies have tried to exert in the world they are reigned in by the banks and then government. At the end of the day amazon hasn't made a big difference in my life for all of the $x bezo has. I don't shop there, his lack of quality control is sinking his company. What's there to worry about?
It's not that gov't is terrified or incapable, it's that the dominant regulatory philosophy in our political leadership right now is neoliberalism. Which has large failure points - the recalcitrance to regulate Amazon is the same stance as not regulating the fossil fuel industry.
Technology and orgs always outpace regulation. The government is terrified of front-running business. It can't, the point of being a king is to control resources for the sake of generating prosperity. It can't then go and do all the work and be on the bleeding edge as well, it pays people to do that.
For all the control the tech companies have tried to exert in the world they are reigned in by the banks and then government. At the end of the day amazon hasn't made a big difference in my life for all of the $x bezo has. I don't shop there, his lack of quality control is sinking his company. What's there to worry about?