this post was submitted on 08 May 2024
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[–] Soup@lemmy.world 7 points 4 months ago (6 children)

More and I wonder why we allow companies to buy up competition. Why are companies allowed to own other companies at all, anyway? Seems kinda fuckin’ ridiculous.

I know there’s good to it, but without stricter control it eventually just does the same thing as every other capitalist mechanism: Result in the power being used to kill competition and/or turn good projects into sterile money machines until eventually their reputation is garbage.

I’m not advocating for communism or anything but holy shit we gotta be more in top of this. Microsoft shouldn’t even be allowed to be in control of themselves let along anyone else. They can’t make a single good product and here we are…

[–] lemmyseikai@lemmy.world 4 points 4 months ago (1 children)

So on a smaller scale it makes some sense.

I own a service that sublets from another business on days they do not operate.

The owner of the other business is retiring, my business is buying his business.

[–] Soup@lemmy.world 0 points 4 months ago

100%, and that’s how they getcha. Like buying stocks always being sold as if it’s a regular person buying $1,000 of shares in a company they want to see grow while some empty suits are using millions of dollars to try to short a business to make some quick cash.

It’s fucked up.

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