Re:Bill Allowing Big Tech to Form “Techno-Governments” to Be...
by calvinmorrison on Friday February 26, 2021 @09:19AM
(#26274967)
If my city were owned by its residents, were its shareholders, it would be an abysmal stock to hold.
Philadelphia is 400+ years old. If we had just put away 1% a year of our budget into a endowment, we would be making more money on it each year than our entire yearly budget. Cities are long lived, but the financial side of it is so short lived because there's no city-state, there's no expectation that the city needs to be able to bail itself out. We're always looking for state and federal funds.
It's a shame, Philadelphia could be the nicest, richest city in the world if we had something just like this.
Re:Bill Allowing Big Tech to Form “Techno-Governments” to Be...
by addicted on Friday February 26, 2021 @09:19AM
(#26274971)
It isn't about morality.
It's about the fact that they have additional incentives that are directly related to what the people in a certain jurisdiction want that are missing for a company.
I think my biggest hang up is the draft proposal that allows the formation of the defacto county commissioners to be chosen by the companies. But like the article says, the draft could change, so the final proposal might not be the same. I think if they were elected from citizens I'd be a lot more excited.