News for hackers. Stuff that matters.

A comment on A Land of Monopolists: From Portable Toilets to Mixed Martial Arts. Parent comment

Re:A Land of Monopolists: From Portable Toilets to Mixed Mar... by AlexandrB on Monday July 13, 2020 @01:26PM (#23823217)
> I don't care if the super rich have mega mansions and million dollar cars. It is when they start monopolizing essential resources like water, housing etc that it becomes a serious issue.

If you're a billionaire, you quickly run out of mansions and cars to buy for yourself and your money has to go somewhere. This is why you hear statements like "billionaires shouldn't exist" - mass acquisitions are an obvious use of that kind of capital and allow for rent-seeking behaviour on owned assets.

[ Parent | on HN ]
Re:A Land of Monopolists: From Portable Toilets to Mixed Mar... by justaguyhere on Monday July 13, 2020 @02:04PM (#23823657)
Water monopoly is a problem. Shitty companies like Nestle are prime examples. There are private corporations thinking of all kinds of ways to control rivers and even ground water. With water shortages being predicted all over the world, this doesn't look good. It takes a special kind of evil to control something as basic as water.
[ Parent | on HN ]