Summary
In 2017, tech leaders like Mark Zuckerberg and Sergey Brin supported progressive causes, yet over time many shifted toward pro-business, conservative stances.
Changing economic conditions, capital crunches, and reduced growth diminished the appeal of progressive policies, prompting tech firms to prioritize profit and market dominance.
Biden’s aggressive regulatory actions, including antitrust cases and wealth tax proposals, further alienated Silicon Valley, significantly intensifying its shift toward conservative support.
Such realignment poses significant political challenges, forcing Democrats to urgently reconsider policies and strategies while balancing public interests against ever-growing corporate influence.
That’s a lot of words when ‘greed’ would have sufficed.
It’s not even greed… just pragmatism with no morals to keep the companies in check.
Exactly. Look at our “news” industry, built on supposedly the critical function of journalism. When $ is the output and $ becomes the input, it can easily be steered to antisocial ends. Medicine, higher education, they’ve all been distorted and corrupted by profit motive.
Sociopaths.
The issue with ascribing everything to personal greed is that it leads people to think the solution is to turn to companies with more benevolent executives, when the problem is really an institutional one that requires institutional changes.
Capitalism is systemized greed. It is exactly the right word.
I didn’t say it was wrong, I said it leads people to seek the wrong solution.
At least if you present it as a one-word summary, without an accompanying explanation that would be substantially longer than the thing you’re claiming to summarize.
Why do you think people are coming to Lemmy for solutions to the systemized greed we call capitalism?