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America America

815d2a26-c55b-4937-912e-6a543cad2a517c1b0f1f-b8fa-473a-8e2b-5a2b5580b9a5Facebook and capitalism
by Marino de Medici
The problems with Facebook are humongous, but one thing is clear.
Facebook is a creature of capitalism that knows only one rule: growth at all costs. Growth is becoming unsustainable in the world and governments are unable to curb its excesses. Witness the inability of the U.S. government to reform the governance structures of corporations like Facebook so that they become less focused on share price and quarterly returns and concentrate on more value for all. It is inconceivable that during the COVID-19 epidemic the portfolio of the rich grew by 40% while a large swath of humanity tried to survive while it faced great obstacles in getting the anti-virus vaccines.
The behemoths of the Facebook variety resist all pressures to reform and play an immutable refrain that asks for lower taxes, less regulation, less government and more market.

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