Adam Smith did not mean what he is often made to say (1998)

Re:Adam Smith did not mean what he is often made to say (1998) by p0nce on Sunday March 13, 2022 @04:13PM (#30665262)

Exactly I was thinking about the first one.

The internet giants "reap where they never sowed".

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Re:Adam Smith did not mean what he is often made to say (1998) by simonh on Sunday March 13, 2022 @05:59PM (#30666165)

I just don’t think that argument is viable. They provide ongoing highly valued services people choose to pay for. Advertising for Google and Facebook, retail and hosting services for Amazon, physical products and online services for Apple, etc. They employ hundreds of thousands of people, are constantly updating and extending their products and services. That’s all serious work done by actual people.

I’m not justifying everything they do, or all their business practices, but if these companies didn’t provide those services someone else would. There’s a genuine need.

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Re:Adam Smith did not mean what he is often made to say (1998) by p0nce on Monday March 14, 2022 @03:59AM (#30669603)

I completely disagree.

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Re:Adam Smith did not mean what he is often made to say (1998) by simonh on Tuesday March 15, 2022 @10:23AM (#30685677)

Well, their customers do agree and that's what actually matters, regardless of what you and I think.

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