This board has brought up multiple times on how bad our govt is, CDC, FDA, etc and yet barely anyone mentions just how destructive major corporations are. I would even argue that they are more destructive because they've damaged the fabric of our society.
Let's take Uber for example: it started off as a start up that allowed drivers flexibility to earn extra income without having a boss watching over you. It was championed as a pioneer and innovator in the transportation industry that disrupted the other regulated taxi monopolies.
Now, it has morphed into a giant conglomerate that refuses to change. It recently released a statement that they plan on improving their profitability by slashing driver pay, despite the fact that they haven't increased it since 2018. Now mind you, the 2 biggest driver expenses(his car and fuel) went up in price by over 30% since 2021.
So how can they do this? By hiring illegal aliens to drive for bottom of the barrel wages. Used to be that Uber paid around 1$ per mile. Now due to the fact that they have iilegals, they pay as low as 30 cents per mile. At the same time, Uber increased the fares for the passengers as well.
You might think: what's stopping anyone open a new company to challenge them, and the answer is: regulations. Once Uber made it big, they lobbied the federal govt to implement regulations to "improve" the ridesharing experience. In reality it was just extra layers of protection against their competitors.
And Uber is just 1 example. Ever notice how companies now don't even let you own your own products? You buy a phone but you can't upgrade it, you buy a car but you need to take it to the dealership to work on it because of the artificial increase in complexity they do. And don't get me started on the whole wanting to implement subscription software for your car without which you wouldn't be able to drive it.
Also, let's talk how corporations destroyed the job market. First they come in with the notion that they need to close down and outsource the factories to stay profitable, but don't worry the prices aren't going up, because the labor is going to be cheaper. Then they hire H1Bs to replace specialized labor to keep costs down. This makes them more competitive and drive competitors out of business after which they bump the price. Not to mention the quadrilions spend on ads to turn normies into brainless consumers.
I can go on and on, but the bottom line is that big business has been as damaging to the fabric of our society as big govt has, and yet barelly anyone talks about it.
You are so right. We need to rethink what we buy, how we invest, and how we work.