The Sherman Antitrust Act has outlawed abuses of monopsony power since 1890.

What we should really be asking is, why did we ever stop jailing wanton criminals like Scam Alt-Man?

▲ lenerdenator 2 days ago | parent | next [-]

Simple: they create value for the right people. Namely, politicians who get their donations, and a generation that, despite not having enough children to grow the economy organically, doesn't want to work any... er... wants to retire.

Thus, they invest in retirement and pension funds, who in turn invest the money in businesses to earn a return. Since that return must increase constantly, and organic growth is no longer possible, you have to pull shenanigans as a businessman to meet the requirements of the shareholders, lest they kick you out of the plane with a golden parachute.

So we let them do those shenanigans and the politicians don't do anything about it.

▲ andrekandre 2 days ago | parent [-]

  > they invest in retirement and pension funds, who in turn invest the money in businesses to earn a return

maybe not a popular opinion but, this is the original sin imo; putting retirement/pension on the market makes for so many perverse incentives to keep things growing at any cost...

	▲	drtgh 2 days ago \| parent \| next [-]
		The system is perverse per se, you create money based on debt, and eternal growth, and devalue savings, and force people to bet in order to try to preserve savings value, then each ten or fifteen years you allow someones to harvest the rewards of the casino. And when population start to decrease (on developed countries), you rise the alarm, "more population is needed due to the decline in the birth rate", promoting an eternal growth that would need the resources several planets if everyone had a decent standard of living.
	▲	morgan814 2 days ago \| parent \| prev [-]
		Used to be someone had to crack the whip. Now the workers do it to themselves.

▲ exasperaited 2 days ago | parent | prev [-]

I find it fascinating that he's had the benefit of the doubt for soooo long.

This is the shitcoin-for-your-eyeball-scans guy; the guy who didn't tell the board of his own company that he controlled their startup fund through an alias.