People down vote, but where am I wrong? The West's biggest problem right now is having TOO MUCH FOOD! Think about that. We are so fat that we're dying. Not starving. FAT!
Mark Zuckerburg has very little of what I'd call "capital" that actually produces stuff, yet he makes tons of money.
I would disgree. Advertising is more important because stuff is less valuable. Therefore the data (which enables effective advertising/selling) is more valuable than the means of production.
They certainly aren't the same thing. You can produce tons of stuff without data. You would just have no idea what to produce or how to sell it.
No, I was thinking about the infrastructure (servers). I am saying that Facebook has the infrastructure (rackspace) to produce (or subsidize the production) content and the money actually goes to Facebook. I don't know if the reasoning is sound though: would a newspaper own the means of production if they owned the printing machines ?
But is it also working as advertised ?
The issue is it has to be in place before money command structures have a chance to develop, so it's not something you can really implement now.
Realistically, it may not be fixable without fixing capitalism, which no one has figured out how to do.