Apple’s battle with Epic is a reminder that today’s tech companies behave like 19th-century monopolists. Installing democratic control over these modern throwbacks to Gilded Age robber barons is the only way to curb their power.
  • rottingleaf@lemmy.zipEnglish
    11·
    4 months ago

    I think you are wrong but I’d like to see this tried, if not too catastrophic.

    • PhlubbaDubba@lemm.eeEnglish
      3·
      4 months ago

      Well the highest marginal rate ever was about 90% in the 50s and there wasn’t significant capital flight at that time

          • rottingleaf@lemmy.zipEnglish
            1·
            4 months ago

            Yes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.

            • PhlubbaDubba@lemm.eeEnglish
              1·
              4 months ago

              Yeah, instead there was a bunch of fruit companies, IBM, and GM.

              The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.