You are describing a colonial model, extract all the wealth while investing nothing in the local economy. That era is over.

If anything, Meta is the anomaly, not the role model. They should be required to invest more given their dominance, rather than being praised for extracting maximum value with minimum local footprint. Regulators will likely close that gap eventually.

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jabedude 6 hours ago | parent [-]

"Exchanging goods and services for money to a locale" is not a colonial model.

I, a strawberry farmer in Florida, should have no obligation to create an office of locals in every geographic location I sell strawberries in.

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kburman 4 hours ago | parent | next [-]

If a foreign entity came into Florida and bought up 35% of the entire retail infrastructure, you bet the US government would regulate it and demand local value capture.

Case in point - US actively forced TSMC and Samsung to build $65B+ of factories in Arizona and Texas to secure domestic interests.

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dboreham 5 hours ago | parent | prev [-]

No but you give up a large margin to shippers, importers, distributors and retailers in those geographic locations.

	▲	jabedude 4 hours ago \| parent [-]
		Which is an entirely different dynamic than what the person I responded to was calling for