Re:China holds drill to shut down 'harmful' websites
by adventured on Friday August 04, 2017 @02:15PM
(#14930679)
> Does that argument fly anymore when corporations are so much more powerful than most nations?
Anymore? Corporations were radically more powerful in the past than they are today.
US Steel, the railroads, Standard Oil, JP Morgan they were all more powerful than the US Government a little over a century ago. Rockefeller all by himself was financially more powerful than the US Government; he actually bailed out the government, a concept entirely impossible today. Contrast that with Gates or Bezos, they're not even pikers by comparison to the US Govt and Federal Reserve. Just one month of the recent QE program from the Fed is about equal to the richest person in the US.
Google, Microsoft, Facebook, Amazon and Apple are all a joke compared to the power of the Federal Government in all possible regards. Alibaba, Baidu etc are a joke compared to the power of the Communist Party in China; the CCP can destroy or seize those corporations any day of the week.
Even mighty Samsung isn't more powerful than the South Korean Government - as recently demonstrated - and it's a rather extreme example. Turns out the guns give you a very solid upper-hand, even when you're equivalent in size to 13% of your nation's GDP.
Anymore? Corporations were radically more powerful in the past than they are today.
US Steel, the railroads, Standard Oil, JP Morgan they were all more powerful than the US Government a little over a century ago. Rockefeller all by himself was financially more powerful than the US Government; he actually bailed out the government, a concept entirely impossible today. Contrast that with Gates or Bezos, they're not even pikers by comparison to the US Govt and Federal Reserve. Just one month of the recent QE program from the Fed is about equal to the richest person in the US.
Google, Microsoft, Facebook, Amazon and Apple are all a joke compared to the power of the Federal Government in all possible regards. Alibaba, Baidu etc are a joke compared to the power of the Communist Party in China; the CCP can destroy or seize those corporations any day of the week.
Even mighty Samsung isn't more powerful than the South Korean Government - as recently demonstrated - and it's a rather extreme example. Turns out the guns give you a very solid upper-hand, even when you're equivalent in size to 13% of your nation's GDP.