How long is it going to take until AI is useful, and why is everyone raving about this extremely mid tech? Here's my theory!❤️ If you would like to support w...
To an extent, but at a certain point having a lot of capital doesn’t help as much. Capital buys you economies of scale, it doesn’t buy you innovation, and companies tend to get less efficient as they get larger.
The proper counter to large companies abusing their power, then, is something like Universal Basic Income (or my preferred formation, Negative Income Tax), since one of the biggest obstacles to starting a business is being able to eat while the business is growing. That’s a fantastic thing for the government to provide since it doesn’t interfere much with the market. If we had that, I don’t think nearly as many innovators would join up with big tech companies and instead would start their own ventures.
Another big one is cutting corporate protections with size. The larger you are, the less protection you should need, meaning if you break the law, the law can come after personal assets instead of just corporate assets. We should still provide protections for smaller companies though.
To an extent, but at a certain point having a lot of capital doesn’t help as much. Capital buys you economies of scale, it doesn’t buy you innovation, and companies tend to get less efficient as they get larger.
The proper counter to large companies abusing their power, then, is something like Universal Basic Income (or my preferred formation, Negative Income Tax), since one of the biggest obstacles to starting a business is being able to eat while the business is growing. That’s a fantastic thing for the government to provide since it doesn’t interfere much with the market. If we had that, I don’t think nearly as many innovators would join up with big tech companies and instead would start their own ventures.
Another big one is cutting corporate protections with size. The larger you are, the less protection you should need, meaning if you break the law, the law can come after personal assets instead of just corporate assets. We should still provide protections for smaller companies though.