The thing is, they have lost all accountability to the market. First, they hire SJW's straight out of college, who have no idea how to create value and wealth in the real world. Then they rely on regulations that do nothing to enhance their product, but do everything to limit competition and innovation. Finally, the CEO's make most of their wealth, not by producing product, but by stock buybacks financed by the federal reserve at 1% APR financing driving up their portfolios.
Half of corporate USA is doomed. It won't be long before they are getting their ass kicked by millions of competitors using home made robots to compete with them out of their garage.
Also, without market accountability, any centralized entity is doomed to fall to the left. The left are experts at co-opting centralized power and control for their bidding. In the past, the only thing that kept them in check was real market accountability. Once you get rid of that, the whole structure starts to crumble.
The thing is, they have lost all accountability to the market. First, they hire SJW's straight out of college, who have no idea how to create value and wealth in the real world. Then they rely on regulations that do nothing to enhance their product, but do everything to limit competition and innovation. Finally, the CEO's make most of their wealth, not by producing product, but by stock buybacks financed by the federal reserve at 1% APR financing driving up their portfolios.
Half of corporate USA is doomed. It won't be long before they are getting their ass kicked by millions of competitors using home made robots to compete with them out of their garage.
Also, without market accountability, any centralized entity is doomed to fall to the left. The left are experts at co-opting centralized power and control for their bidding. In the past, the only thing that kept them in check was real market accountability. Once you get rid of that, the whole structure starts to crumble.